JPMorgan Chase & Co. Acquires 191,235 Shares of SunCoke Energy, Inc. (NYSE:SXC)

JPMorgan Chase & Co. lifted its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 28.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 852,051 shares of the energy company’s stock after purchasing an additional 191,235 shares during the quarter. JPMorgan Chase & Co.’s holdings in SunCoke Energy were worth $7,396,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. nVerses Capital LLC boosted its stake in shares of SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after buying an additional 4,400 shares during the last quarter. Optas LLC bought a new position in SunCoke Energy in the third quarter valued at approximately $88,000. Algert Global LLC acquired a new position in shares of SunCoke Energy during the 2nd quarter worth approximately $107,000. Retirement Investment Advisors Inc. bought a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $110,000. Finally, XTX Topco Ltd acquired a new stake in shares of SunCoke Energy in the 3rd quarter valued at approximately $120,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SXC. Benchmark restated a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

SunCoke Energy Trading Down 0.8 %

Shares of NYSE:SXC opened at $10.09 on Wednesday. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82. The business has a 50 day moving average of $11.65 and a 200-day moving average of $10.02. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The stock has a market cap of $848.49 million, a PE ratio of 10.09 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The company had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.76%. SunCoke Energy’s dividend payout ratio is currently 48.00%.

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.