Jennison Associates LLC Sells 4,435 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Jennison Associates LLC reduced its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,979 shares of the energy company’s stock after selling 4,435 shares during the period. Jennison Associates LLC owned about 0.13% of SunCoke Energy worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC grew its holdings in SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after acquiring an additional 4,400 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of SunCoke Energy in the second quarter worth $70,000. Optas LLC bought a new position in SunCoke Energy during the 3rd quarter worth $88,000. Algert Global LLC acquired a new position in SunCoke Energy during the 2nd quarter worth about $107,000. Finally, Retirement Investment Advisors Inc. acquired a new position in SunCoke Energy during the 2nd quarter worth about $110,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

SXC has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Performance

SXC stock opened at $12.72 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of 12.72 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $9.67 and a 200-day moving average price of $9.70. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82.

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

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, November 14th. SunCoke Energy’s dividend payout ratio is presently 48.00%.

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.