BlackRock Inc. acquired a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,023,918 shares of the energy company's stock, valued at approximately $72,643,000. BlackRock Inc. owned about 10.63% of SunCoke Energy as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in SunCoke Energy in the second quarter worth about $92,000. Deutsche Bank AG bought a new stake in shares of SunCoke Energy during the 2nd quarter worth about $841,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of SunCoke Energy during the 2nd quarter worth about $29,000. Bank of New York Mellon Corp acquired a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $2,558,000. Finally, State of Wyoming acquired a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $301,000. Institutional investors own 90.45% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on SXC shares. Wall Street Zen raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a 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 MarketBeat.com, SunCoke Energy presently has an average rating of "Reduce" and a consensus target price of $9.00.
Read Our Latest Report on SXC
SunCoke Energy Stock Performance
SXC opened at $10.19 on Monday. SunCoke Energy, Inc. has a 1 year low of $5.51 and a 1 year high of $10.40. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $864.93 million, a PE ratio of -15.92 and a beta of 0.98. The stock's 50 day simple moving average is $8.83 and its 200-day simple moving average is $7.78.
SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $445.20 million. During the same period last year, the firm posted $0.02 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that SunCoke Energy, Inc. will post 0.32 EPS for the current year.
SunCoke Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th 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 4.7%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy's payout ratio is -75.00%.
SunCoke Energy Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy, Inc. (NYSE:SXC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider SunCoke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SunCoke Energy wasn't on the list.
While SunCoke Energy currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
