Sanctuary Advisors LLC Acquires 4,649 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Sanctuary Advisors LLC raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,430 shares of the energy company’s stock after acquiring an additional 4,649 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.05% of SunCoke Energy worth $386,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC increased its position in SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after purchasing an additional 4,400 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of SunCoke Energy during the second quarter worth $70,000. Optas LLC bought a new position in shares of SunCoke Energy in the 3rd quarter valued at $88,000. Algert Global LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter valued at $107,000. Finally, Retirement Investment Advisors Inc. bought a new stake in SunCoke Energy during the 2nd quarter worth $110,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on SXC. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Performance

NYSE SXC opened at $10.71 on Friday. The company has a market capitalization of $900.63 million, a price-to-earnings ratio of 10.71 and a beta of 1.07. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82. The stock has a fifty day simple moving average of $11.31 and a 200 day simple moving average of $9.95.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Sell-side analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s dividend payout ratio is currently 48.00%.

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.