SunCoke Energy (NYSE:SXC) Stock Price Crosses Above Two Hundred Day Moving Average of $10.25

SunCoke Energy, Inc. (NYSE:SXC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.25 and traded as high as $11.03. SunCoke Energy shares last traded at $10.74, with a volume of 572,216 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SunCoke Energy from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.

SunCoke Energy Stock Down 0.7 %

The stock has a fifty day moving average price of $10.95 and a 200 day moving average price of $10.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.86 and a quick ratio of 1.05. The stock has a market capitalization of $902.91 million, a P/E ratio of 16.03 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. The company had revenue of $520.60 million for the quarter, compared to the consensus estimate of $406.40 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts forecast that SunCoke Energy, Inc. will post 0.86 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a $0.10 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.72%. SunCoke Energy’s dividend payout ratio (DPR) is presently 41.79%.

Insider Buying and Selling

In related news, CEO Michael G. Rippey sold 48,618 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.93, for a total value of $531,394.74. Following the sale, the chief executive officer now owns 763,409 shares in the company, valued at $8,344,060.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other SunCoke Energy news, CEO Michael G. Rippey sold 78,714 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the sale, the chief executive officer now owns 342,359 shares in the company, valued at $3,786,490.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael G. Rippey sold 48,618 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total value of $531,394.74. Following the sale, the chief executive officer now owns 763,409 shares in the company, valued at approximately $8,344,060.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,572 shares of company stock worth $2,781,834. Corporate insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On SunCoke Energy

A number of large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its position in SunCoke Energy by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 90,161 shares of the energy company’s stock valued at $968,000 after purchasing an additional 1,106 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in SunCoke Energy by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 27,070 shares of the energy company’s stock valued at $213,000 after purchasing an additional 1,464 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in SunCoke Energy by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,158 shares of the energy company’s stock valued at $636,000 after purchasing an additional 1,553 shares in the last quarter. Quarry LP raised its position in SunCoke Energy by 48.0% during the second quarter. Quarry LP now owns 5,206 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of SunCoke Energy by 0.9% during the third quarter. Swiss National Bank now owns 184,050 shares of the energy company’s stock valued at $1,868,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

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.