154,165 Shares in SunCoke Energy, Inc. $SXC Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new position in SunCoke Energy, Inc. (NYSE:SXC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 154,165 shares of the energy company’s stock, valued at approximately $1,241,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SXC. EverSource Wealth Advisors LLC raised its position in shares of SunCoke Energy by 544.8% during the 2nd 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. Farther Finance Advisors LLC boosted its position in SunCoke Energy by 69.4% during the 4th 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 period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SunCoke Energy during the 2nd quarter worth $29,000. Tower Research Capital LLC TRC increased its position in SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after buying an additional 3,582 shares during the period. Finally, Allworth Financial LP bought a new stake in SunCoke Energy in the second quarter valued at $49,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SXC has been the subject of several analyst reports. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment 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.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Up 0.4%

Shares of SunCoke Energy stock opened at $9.80 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $9.93. The business’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $7.76. The company has a market capitalization of $831.82 million, a P/E ratio of -15.31 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.32 EPS for the current year.

SunCoke Energy Announces Dividend

The business 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 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, August 17th. SunCoke Energy’s dividend payout ratio is currently -75.00%.

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.