Empowered Funds LLC Buys Shares of 483,064 SunCoke Energy, Inc. $SXC

Key Points

• Empowered Funds LLC purchased 483,064 SunCoke Energy shares worth approximately $3.9 million, representing about 0.57% of the company. Institutional investors and hedge funds collectively own 90.45% of SXC.
• SunCoke reported quarterly EPS of $0.15, beating estimates of $0.08, while revenue rose 9.5% year over year to $475.3 million. Shares opened at $10.20, near their 52-week high of $10.45.
• The company declared a quarterly dividend of $0.12 per share, equivalent to an annualized yield of approximately 4.7%. Analysts maintain a consensus “Reduce” rating with a $9.00 price target.

Empowered Funds LLC purchased a new position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 483,064 shares of the energy company's stock, valued at approximately $3,889,000. Empowered Funds LLC owned approximately 0.57% of SunCoke Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of SunCoke Energy in the second quarter valued at $72,643,000. Vanguard Group Inc. increased its position in SunCoke Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company's stock worth $50,579,000 after purchasing an additional 33,535 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 68,996 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 purchasing an additional 261,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in SunCoke Energy by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,238,567 shares of the energy company's stock valued at $16,120,000 after purchasing an additional 19,084 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Trading Down 1.3%

Shares of SXC opened at $10.20 on Wednesday. SunCoke Energy, Inc. has a twelve month low of $5.51 and a twelve month high of $10.45. The firm has a market capitalization of $865.72 million, a P/E ratio of -15.94 and a beta of 0.98. 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's fifty day simple moving average is $8.91 and its 200 day simple moving average is $7.81.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, equities research analysts forecast that SunCoke Energy, Inc. will post 0.32 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy's dividend payout ratio is -75.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $9.00.

SunCoke Energy 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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