Van ECK Associates Corp Increases Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Van ECK Associates Corp increased its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,393 shares of the energy company’s stock after buying an additional 2,945 shares during the quarter. Van ECK Associates Corp owned about 0.10% of SunCoke Energy worth $892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in SunCoke Energy by 71.3% during the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after buying an additional 1,730 shares in the last quarter. Victory Capital Management Inc. lifted its position in SunCoke Energy by 1.9% during the third quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company’s stock worth $950,000 after buying an additional 2,054 shares in the last quarter. KBC Group NV lifted its position in SunCoke Energy by 61.1% during the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock worth $65,000 after buying an additional 2,307 shares in the last quarter. Ballentine Partners LLC lifted its position in SunCoke Energy by 19.5% during the fourth quarter. Ballentine Partners LLC now owns 19,041 shares of the energy company’s stock worth $204,000 after buying an additional 3,102 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in SunCoke Energy by 11.7% during the third quarter. Sanctuary Advisors LLC now owns 44,430 shares of the energy company’s stock worth $386,000 after buying an additional 4,649 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

NYSE:SXC opened at $9.19 on Friday. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $772.37 million, a P/E ratio of 8.20 and a beta of 1.06. The stock’s fifty day moving average is $10.20 and its two-hundred day moving average is $9.91.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, January 30th. The energy company reported $0.28 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%. Equities analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed 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 5.23%. SunCoke Energy’s payout ratio is presently 42.86%.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy 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.