Entropy Technologies LP Purchases Shares of 20,495 SunCoke Energy, Inc. (NYSE:SXC)

Entropy Technologies LP acquired a new position in SunCoke Energy, Inc. (NYSE:SXC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 20,495 shares of the energy company’s stock, valued at approximately $178,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SXC. ProShare Advisors LLC grew its position in 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 buying an additional 1,158 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of SunCoke Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock worth $907,000 after purchasing an additional 1,464 shares during the period. Federated Hermes Inc. raised its position in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after purchasing an additional 2,335 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after purchasing an additional 2,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of SunCoke Energy by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock valued at $707,000 after purchasing an additional 3,570 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $12.23 on Monday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.23 and a beta of 1.02. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.81. 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’s fifty day simple moving average is $9.20 and its 200-day simple moving average is $9.61.

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, beating analysts’ consensus estimates of $0.22 by $0.14. The company had revenue of $490.10 million for 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 quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, sell-side analysts predict that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, November 14th. SunCoke Energy’s dividend payout ratio (DPR) is currently 48.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy 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.