483,064 Shares in SunCoke Energy, Inc. $SXC Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 483,064 shares of the energy company’s stock, valued at approximately $3,889,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of SunCoke Energy by 13.8% in the first quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock worth $330,000 after buying an additional 4,358 shares during the period. AQR Capital Management LLC raised its holdings in shares of SunCoke Energy by 86.3% during the 1st quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock valued at $3,372,000 after buying an additional 169,813 shares during the period. 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 valued at $458,000 after buying an additional 2,064 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in SunCoke Energy by 70.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock worth $257,000 after acquiring an additional 11,580 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in SunCoke Energy by 126.3% during the 2nd quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock worth $424,000 after acquiring an additional 27,696 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Price Performance

SXC stock opened at $10.20 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy, Inc. has a 52-week low of $5.51 and a 52-week high of $10.45. The stock’s 50 day moving average is $8.91 and its two-hundred day moving average is $7.81. The company has a market capitalization of $865.72 million, a PE ratio of -15.94 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. Analysts predict that SunCoke Energy, Inc. will post 0.32 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, August 17th. SunCoke Energy’s payout ratio is -75.00%.

Analysts Set New Price Targets

SXC has been the subject of several recent research reports. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, SunCoke Energy presently has an average rating of “Reduce” and an average 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.