Sanctuary Advisors LLC Invests $420,000 in SunCoke Energy, Inc. (NYSE:SXC)

Sanctuary Advisors LLC purchased a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,781 shares of the energy company’s stock, valued at approximately $420,000.

Several other institutional investors have also added to or reduced their stakes in SXC. Innealta Capital LLC bought a new stake in SunCoke Energy in the second quarter valued at approximately $70,000. Algert Global LLC bought a new stake in SunCoke Energy in the second quarter valued at approximately $107,000. Retirement Investment Advisors Inc. bought a new stake in SunCoke Energy in the second quarter valued at approximately $110,000. Beacon Bridge Wealth Partners LLC bought a new stake in SunCoke Energy in the second quarter valued at approximately $111,000. Finally, ProShare Advisors LLC boosted its holdings in SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after acquiring an additional 1,158 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Price Performance

SunCoke Energy stock opened at $8.68 on Thursday. The stock has a market capitalization of $729.77 million, a price-to-earnings ratio of 12.23 and a beta of 1.04. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $11.85. The stock’s 50 day moving average price is $8.49 and its two-hundred day moving average price is $9.69. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. During the same period in the prior year, the firm earned $0.24 earnings per share. SunCoke Energy’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.53%. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 15th. SunCoke Energy’s dividend payout ratio is presently 67.61%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday.

About SunCoke Energy

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.