PDT Partners LLC Buys Shares of 57,379 SunCoke Energy, Inc. $SXC

PDT Partners LLC purchased a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,379 shares of the energy company’s stock, valued at approximately $462,000. PDT Partners LLC owned about 0.07% of SunCoke Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of SunCoke Energy during the second quarter valued at approximately $72,643,000. Vanguard Group Inc. grew its stake in SunCoke Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock worth $50,579,000 after acquiring an additional 33,535 shares during the period. Dimensional Fund Advisors LP raised its holdings in SunCoke Energy by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock valued at $35,222,000 after acquiring an additional 68,996 shares during the last quarter. Renaissance Technologies LLC raised its holdings in SunCoke Energy by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,663,161 shares of the energy company’s stock valued at $19,175,000 after acquiring an additional 261,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of SunCoke Energy by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,238,567 shares of the energy company’s stock worth $16,120,000 after purchasing an additional 19,084 shares during the period. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $10.27 on Friday. SunCoke Energy, Inc. has a one year low of $5.51 and a one year high of $10.32. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. The company has a 50 day moving average price of $8.80 and a 200 day moving average price of $7.77. The firm has a market capitalization of $871.38 million, a price-to-earnings ratio of -16.04 and a beta of 0.98.

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

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s dividend payout ratio (DPR) is -75.00%.

Analyst Upgrades and Downgrades

SXC has been the subject of a number of recent analyst reports. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Company Profile

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.