Royce & Associates LP Grows Stock Holdings in SunCoke Energy, Inc. $SXC

Royce & Associates LP grew its position in SunCoke Energy, Inc. (NYSE:SXC) by 106.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,406 shares of the energy company’s stock after buying an additional 61,119 shares during the quarter. Royce & Associates LP owned 0.14% of SunCoke Energy worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after acquiring an additional 2,528 shares during the period. Farther Finance Advisors LLC grew its position in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Signaturefd LLC increased its stake in 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 during the period. Hantz Financial Services Inc. increased its stake in SunCoke Energy by 190.0% during the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,707 shares during the period. Finally, 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. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SXC shares. Weiss Ratings lowered shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, March 3rd. B. Riley Financial reduced their target price on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Stock Up 0.3%

Shares of NYSE SXC opened at $9.04 on Monday. The company has a market capitalization of $766.70 million, a price-to-earnings ratio of -11.74 and a beta of 0.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The business has a 50-day moving average of $7.03 and a two-hundred day moving average of $7.06. SunCoke Energy, Inc. has a 1 year low of $5.51 and a 1 year high of $9.30.

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

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, May 15th. SunCoke Energy’s dividend payout ratio is -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.