LSV Asset Management Sells 64,624 Shares of SunCoke Energy, Inc. $SXC

LSV Asset Management decreased its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,363,083 shares of the energy company’s stock after selling 64,624 shares during the period. LSV Asset Management owned 3.97% of SunCoke Energy worth $27,443,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SXC. Rhumbline Advisers lifted its holdings in shares of SunCoke Energy by 3.3% in the third quarter. Rhumbline Advisers now owns 258,231 shares of the energy company’s stock worth $2,107,000 after buying an additional 8,134 shares in the last quarter. MQS Management LLC boosted its stake in SunCoke Energy by 43.2% during the third quarter. MQS Management LLC now owns 26,418 shares of the energy company’s stock worth $216,000 after buying an additional 7,975 shares during the period. Envestnet Asset Management Inc. grew its holdings in SunCoke Energy by 10.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 101,094 shares of the energy company’s stock valued at $825,000 after purchasing an additional 9,185 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of SunCoke Energy by 190.0% during the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock valued at $34,000 after buying an additional 2,707 shares during the last quarter. Finally, State of Wyoming grew its position in SunCoke Energy by 18.5% in the 3rd quarter. State of Wyoming now owns 46,532 shares of the energy company’s stock valued at $380,000 after acquiring an additional 7,259 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Trading Down 1.7%

SunCoke Energy stock opened at $8.02 on Friday. The stock has a 50-day moving average price of $7.67 and a 200 day moving average price of $7.61. The company has a market capitalization of $678.63 million, a price-to-earnings ratio of 10.55 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 2.12 and a debt-to-equity ratio of 0.96. SunCoke Energy, Inc. has a 52 week low of $6.24 and a 52 week high of $10.08.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.0%. SunCoke Energy’s dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

SXC has been the topic of a number of research analyst reports. B. Riley Financial dropped their target price on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SunCoke Energy currently has a consensus rating of “Hold” and an average price target of $10.00.

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.