SunCoke Energy (NYSE:SXC) Hits New 52-Week High at $11.48

SunCoke Energy, Inc. (NYSE:SXC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $11.48 and last traded at $11.41, with a volume of 21319 shares traded. The stock had previously closed at $11.29.

Analyst Ratings Changes

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

SunCoke Energy Stock Performance

The firm has a market capitalization of $951.74 million, a price-to-earnings ratio of 16.85 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $10.83 and a 200 day moving average price of $10.11.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $0.16 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 business had revenue of $520.60 million during the quarter, compared to the consensus estimate of $406.40 million. During the same period in the previous year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts forecast that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, February 14th. SunCoke Energy’s dividend payout ratio (DPR) is 59.70%.

Insider Buying and Selling at SunCoke Energy

In other news, CEO Michael G. Rippey sold 48,618 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.93, for a total transaction of $531,394.74. Following the completion of the sale, the chief executive officer now owns 763,409 shares in the company, valued at $8,344,060.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other SunCoke Energy news, CEO Michael G. Rippey sold 78,714 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total value of $870,576.84. Following the sale, the chief executive officer now owns 342,359 shares of the company’s stock, valued at $3,786,490.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael G. Rippey sold 48,618 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.93, for a total value of $531,394.74. Following the completion of the sale, the chief executive officer now directly 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 sold 251,572 shares of company stock worth $2,781,834. 1.73% of the stock is owned by insiders.

Institutional Trading of SunCoke Energy

A number of large investors have recently made changes to their positions in SXC. Millburn Ridgefield Corp acquired a new stake in shares of SunCoke Energy during the third quarter valued at $30,000. Catalyst Capital Advisors LLC purchased a new position in SunCoke Energy during the third quarter worth about $30,000. Tower Research Capital LLC TRC lifted its position in SunCoke Energy by 574.8% during the first quarter. Tower Research Capital LLC TRC now owns 3,354 shares of the energy company’s stock worth $30,000 after buying an additional 2,857 shares during the period. GAMMA Investing LLC purchased a new position in SunCoke Energy during the fourth quarter worth about $31,000. Finally, Quarry LP lifted its position in SunCoke Energy by 1,615.6% during the first quarter. Quarry LP now owns 3,517 shares of the energy company’s stock worth $32,000 after buying an additional 3,312 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

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.