SunCoke Energy, Inc. (NYSE:SXC) Stock Position Lifted by Point72 DIFC Ltd

Point72 DIFC Ltd grew its position in SunCoke Energy, Inc. (NYSE:SXC) by 798.2% in the third quarter, Holdings Channel.com reports. The fund owned 14,766 shares of the energy company’s stock after buying an additional 13,122 shares during the period. Point72 DIFC Ltd’s holdings in SunCoke Energy were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC raised its stake in SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after acquiring an additional 4,400 shares during the period. Innealta Capital LLC acquired a new position in SunCoke Energy in the second quarter valued at approximately $70,000. Optas LLC bought a new position in shares of SunCoke Energy during the third quarter valued at approximately $88,000. Algert Global LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $107,000. Finally, Retirement Investment Advisors Inc. bought a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $110,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $12.19 on Monday. The firm’s 50 day moving average is $10.52 and its two-hundred day moving average is $9.83. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.19 and a beta of 1.07. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Analysts anticipate that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s dividend payout ratio is currently 48.00%.

SunCoke Energy 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.