21,986 Shares in SunCoke Energy, Inc. (NYSE:SXC) Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. bought a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,986 shares of the energy company’s stock, valued at approximately $235,000.

Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its stake in SunCoke Energy by 112.5% during the third quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock worth $1,535,000 after acquiring an additional 93,644 shares during the last quarter. Barclays PLC increased its stake in SunCoke Energy by 257.0% during the third quarter. Barclays PLC now owns 202,890 shares of the energy company’s stock worth $1,763,000 after acquiring an additional 146,065 shares during the last quarter. Jane Street Group LLC increased its stake in SunCoke Energy by 450.3% during the third quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock worth $5,773,000 after acquiring an additional 544,194 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SunCoke Energy by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock worth $7,396,000 after acquiring an additional 191,235 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in SunCoke Energy by 182.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 127,344 shares of the energy company’s stock worth $1,105,000 after acquiring an additional 82,244 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy Price Performance

SXC stock opened at $9.68 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82. The firm has a market cap of $813.57 million, a P/E ratio of 8.64 and a beta of 1.06. The stock has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $10.00.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. On average, equities analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.96%. SunCoke Energy’s dividend payout ratio (DPR) is currently 42.86%.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.