821,587 Shares in SunCoke Energy, Inc. $SXC Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 821,587 shares of the energy company’s stock, valued at approximately $6,614,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in shares of SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after buying an additional 2,528 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SunCoke Energy in the second quarter worth approximately $29,000. Farther Finance Advisors LLC grew its holdings in SunCoke Energy by 69.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after acquiring an additional 1,569 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in SunCoke Energy by 176.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after acquiring an additional 3,582 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SXC. Wall Street Zen upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Price Performance

SXC stock opened at $9.80 on Thursday. The business has a 50 day moving average price of $8.77 and a 200 day moving average price of $7.76. The stock has a market cap of $831.82 million, a price-to-earnings ratio of -15.31 and a beta of 0.98. SunCoke Energy, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $9.93. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that SunCoke Energy, Inc. will post 0.32 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s dividend payout ratio (DPR) is -75.00%.

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.