Empowered Funds LLC Increases Stake in SunCoke Energy, Inc. (NYSE:SXC)

Empowered Funds LLC grew its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 5.3% in the third quarter, HoldingsChannel.com reports. The firm owned 462,035 shares of the energy company’s stock after buying an additional 23,450 shares during the quarter. Empowered Funds LLC’s holdings in SunCoke Energy were worth $4,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SXC. ProShare Advisors LLC grew its stake in shares of SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after purchasing an additional 1,158 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of SunCoke Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after buying an additional 77,649 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of SunCoke Energy by 50.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 453,087 shares of the energy company’s stock valued at $5,106,000 after acquiring an additional 152,002 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in SunCoke Energy by 10.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 78,993 shares of the energy company’s stock worth $889,000 after acquiring an additional 7,496 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in SunCoke Energy by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock valued at $707,000 after acquiring an additional 3,570 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Trading Up 1.8 %

NYSE SXC opened at $12.45 on Tuesday. The firm has a market capitalization of $1.05 billion, a PE ratio of 12.45 and a beta of 1.02. The stock’s 50 day moving average is $9.29 and its 200 day moving average is $9.63. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.81. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Research analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.86%. SunCoke Energy’s payout ratio is 48.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SXC shares. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.