Ratta Ralph Della, Jr. Acquires 7,288 Shares of SunCoke Energy (NYSE:SXC) Stock

SunCoke Energy, Inc. (NYSE:SXC) Director Ratta Ralph Della, Jr. purchased 7,288 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of $6.86 per share, for a total transaction of $49,995.68. Following the completion of the purchase, the director directly owned 86,293 shares of the company’s stock, valued at $591,969.98. The trade was a 9.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SunCoke Energy Stock Up 1.7%

Shares of NYSE:SXC opened at $6.76 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $7.95 and a 200-day simple moving average of $8.19. The company has a market capitalization of $571.92 million, a PE ratio of 7.85 and a beta of 1.08. SunCoke Energy, Inc. has a twelve month low of $6.57 and a twelve month high of $12.82.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm had revenue of $487.00 million for the quarter, compared to analyst estimates of $349.30 million. During the same period last year, the business earned $0.36 EPS. SunCoke Energy’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, November 17th. SunCoke Energy’s payout ratio is presently 63.16%.

Institutional Investors Weigh In On SunCoke Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of SunCoke Energy by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock worth $187,000 after buying an additional 1,547 shares during the last quarter. Legal & General Group Plc lifted its position in SunCoke Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company’s stock worth $1,917,000 after acquiring an additional 1,560 shares during the period. GAMMA Investing LLC grew its stake in shares of SunCoke Energy by 41.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock valued at $46,000 after purchasing an additional 1,571 shares during the last quarter. Allworth Financial LP increased its holdings in shares of SunCoke Energy by 80.6% in the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,620 shares during the period. Finally, Quarry LP raised its stake in shares of SunCoke Energy by 16.5% during the first quarter. Quarry LP now owns 13,611 shares of the energy company’s stock worth $125,000 after purchasing an additional 1,923 shares during the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SunCoke Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.