SunCoke Energy, Inc. $SXC Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 298.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,262 shares of the energy company’s stock after buying an additional 328,208 shares during the quarter. Intech Investment Management LLC owned approximately 0.52% of SunCoke Energy worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of SunCoke Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock worth $50,579,000 after buying an additional 33,535 shares in the last quarter. American Century Companies Inc. boosted its holdings in SunCoke Energy by 7.2% in the third quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock worth $31,569,000 after purchasing an additional 259,727 shares during the period. Geode Capital Management LLC boosted its holdings in SunCoke Energy by 0.9% in the fourth 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. Invesco Ltd. boosted its holdings in SunCoke Energy by 9.6% in the third quarter. Invesco Ltd. now owns 1,584,993 shares of the energy company’s stock worth $12,934,000 after purchasing an additional 139,229 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in SunCoke Energy by 1.3% in the third quarter. Bridgeway Capital Management LLC now owns 1,503,082 shares of the energy company’s stock worth $12,265,000 after purchasing an additional 19,212 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

SXC stock opened at $9.40 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. The stock has a market capitalization of $797.19 million, a price-to-earnings ratio of -12.20 and a beta of 0.86. SunCoke Energy, Inc. has a 1 year low of $5.51 and a 1 year high of $9.42. The stock’s fifty day moving average is $7.10 and its two-hundred day moving average is $7.08.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $455.10 million during the quarter, compared to the consensus estimate of $416.15 million. SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, research analysts predict that SunCoke Energy, Inc. will post 0.2 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th 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 5.1%. The ex-dividend date is Friday, May 15th. SunCoke Energy’s payout ratio is currently -62.34%.

Wall Street Analyst Weigh In

SXC has been the subject of a number of research reports. B. Riley Financial decreased their price objective on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SunCoke Energy presently has an average rating of “Reduce” and an average price target 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.