SunCoke Energy (NYSE:SXC) SVP Buys $72,875.00 in Stock

SunCoke Energy, Inc. (NYSE:SXC) SVP Phillip Michael Hardesty bought 12,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average price of $5.83 per share, for a total transaction of $72,875.00. Following the completion of the acquisition, the senior vice president owned 298,677 shares of the company’s stock, valued at approximately $1,741,286.91. This trade represents a 4.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

SunCoke Energy Trading Down 1.8%

NYSE:SXC traded down $0.11 on Thursday, reaching $5.69. The company’s stock had a trading volume of 1,803,769 shares, compared to its average volume of 1,246,599. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $9.82. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.11 and a current ratio of 2.11. The firm has a market cap of $481.35 million, a PE ratio of -10.95 and a beta of 0.98. The business’s 50-day moving average price is $7.58 and its two-hundred day moving average price is $7.55.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Tuesday, February 17th. The energy company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($1.10). The business had revenue of $480.20 million during the quarter, compared to analyst estimates of $437.45 million. SunCoke Energy had a negative net margin of 2.41% and a positive return on equity of 7.43%. SunCoke Energy’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities research analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Tuesday, February 17th. SunCoke Energy’s dividend payout ratio (DPR) is presently -92.31%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SXC shares. B. Riley Financial lowered their target price on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Gendell Jeffrey L lifted its stake in shares of SunCoke Energy by 82.3% during the 4th quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock worth $10,599,000 after buying an additional 664,528 shares during the last quarter. Invesco Ltd. boosted its stake in shares of SunCoke Energy by 72.0% in the second quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after buying an additional 605,366 shares during the period. Federated Hermes Inc. lifted its position in shares of SunCoke Energy by 65.5% during the 4th quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company’s stock valued at $10,241,000 after acquiring an additional 562,739 shares during the period. Norges Bank acquired a new stake in SunCoke Energy during the second quarter worth about $4,579,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of SunCoke Energy by 30.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company’s stock worth $15,505,000 after acquiring an additional 503,500 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

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.