317,734 Shares in SunCoke Energy, Inc. $SXC Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 317,734 SunCoke Energy shares valued at approximately $2.56 million, representing about 0.37% of the company. Institutional investors and hedge funds collectively own 90.45% of SXC.
• SunCoke Energy reported quarterly earnings of $0.15 per share, beating estimates of $0.08, while revenue rose 9.5% year over year to $475.3 million.
• The stock had an average analyst rating of “Reduce” with a $9.00 consensus price target. SunCoke also maintains a quarterly dividend of $0.12 per share, equivalent to a 4.7% annualized yield.

Bank of New York Mellon Corp bought a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 317,734 shares of the energy company's stock, valued at approximately $2,558,000. Bank of New York Mellon Corp owned about 0.37% of SunCoke Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SXC. Vanguard Group Inc. boosted its stake in SunCoke Energy by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company's stock valued at $50,579,000 after acquiring an additional 33,535 shares during the period. Dimensional Fund Advisors LP grew its stake in SunCoke Energy by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company's stock worth $35,222,000 after buying an additional 68,996 shares during the last quarter. Renaissance Technologies LLC grew its stake in SunCoke Energy by 10.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,663,161 shares of the energy company's stock worth $19,175,000 after buying an additional 261,400 shares during the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 19,084 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in SunCoke Energy by 30.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company's stock worth $15,505,000 after buying an additional 503,500 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on SXC. Weiss Ratings raised SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, June 11th. Wall Street Zen raised SunCoke Energy from a "hold" rating to a "buy" rating in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $9.00.

SunCoke Energy Stock Performance

SXC opened at $10.32 on Tuesday. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $10.68. The company has a market capitalization of $875.96 million, a price-to-earnings ratio of -16.12 and a beta of 1.02. The business has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $7.88. 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 (NYSE:SXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $475.30 million during the quarter, compared to analyst estimates 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 was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Research analysts predict that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, August 17th. SunCoke Energy's payout ratio is presently -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.

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