92,339 Shares in SunCoke Energy, Inc. $SXC Bought by Odyssean LLC

Odyssean LLC bought a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 92,339 shares of the energy company’s stock, valued at approximately $743,000. Odyssean LLC owned approximately 0.11% of SunCoke Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in SunCoke Energy by 20.3% in the 1st quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock worth $55,000 after buying an additional 1,422 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after purchasing an additional 1,569 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of SunCoke Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after acquiring an additional 2,064 shares during the period. EverSource Wealth Advisors LLC raised its stake in SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after purchasing an additional 2,528 shares during the period. Finally, State of Wyoming raised its position in shares of SunCoke Energy by 7.2% during the 2nd quarter. State of Wyoming now owns 39,273 shares of the energy company’s stock valued at $337,000 after buying an additional 2,636 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock opened at $10.32 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The firm’s 50 day moving average is $9.03 and its two-hundred day moving average is $7.86. The firm has a market capitalization of $875.91 million, a P/E ratio of -16.12 and a beta of 1.02. SunCoke Energy, Inc. has a 52 week low of $5.51 and a 52 week high of $10.68.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. Research analysts forecast that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.7%. SunCoke Energy’s payout ratio is presently -75.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SXC. Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SunCoke Energy has a consensus rating of “Reduce” and a consensus target price of $9.00.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high?quality, low?sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.