SunCoke Energy, Inc. $SXC Shares Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. raised its position in SunCoke Energy, Inc. (NYSE:SXC) by 983.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,000 shares of the energy company’s stock after purchasing an additional 177,000 shares during the quarter. Lee Danner & Bass Inc. owned 0.23% of SunCoke Energy worth $1,269,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after buying an additional 2,528 shares during the period. Farther Finance Advisors LLC increased its stake in SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after purchasing an additional 1,569 shares during the period. Signaturefd LLC lifted its position in shares of SunCoke Energy by 44.9% during the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,318 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SunCoke Energy by 176.2% during the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after purchasing an additional 3,582 shares in the last quarter. Finally, RPO LLC purchased a new position in shares of SunCoke Energy in the fourth quarter valued at approximately $73,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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 stock. According to MarketBeat.com, SunCoke Energy currently has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Down 0.3%

SXC stock opened at $7.80 on Friday. The company’s 50 day moving average price is $8.20 and its 200 day moving average price is $7.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. SunCoke Energy, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $9.73. The firm has a market capitalization of $661.75 million, a price-to-earnings ratio of -10.13 and a beta of 0.99.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The firm had revenue of $455.10 million during the quarter, compared to analyst estimates of $416.15 million. During the same period last year, the business earned $0.20 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.12 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 6.2%. SunCoke Energy’s dividend payout ratio (DPR) is currently -62.34%.

About SunCoke Energy

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.