LSV Asset Management Has $22.01 Million Stake in SunCoke Energy, Inc. (NYSE:SXC)

LSV Asset Management lifted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 15.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,049,517 shares of the energy company’s stock after buying an additional 272,759 shares during the period. LSV Asset Management’s holdings in SunCoke Energy were worth $22,012,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its stake in shares of SunCoke Energy by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 90,161 shares of the energy company’s stock worth $968,000 after buying an additional 1,106 shares during the last quarter. Swiss National Bank raised 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 worth $1,868,000 after buying an additional 1,700 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of SunCoke Energy by 13.1% during the fourth quarter. Mackenzie Financial Corp now owns 16,643 shares of the energy company’s stock worth $179,000 after buying an additional 1,932 shares during the last quarter. Paulson Wealth Management Inc. raised its stake in shares of SunCoke Energy by 17.8% during the third quarter. Paulson Wealth Management Inc. now owns 14,387 shares of the energy company’s stock worth $146,000 after buying an additional 2,172 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of SunCoke Energy during the third quarter worth approximately $30,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SunCoke Energy

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

Analyst Upgrades and Downgrades

SXC has been the subject of a number of recent research reports. StockNews.com downgraded shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday. Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of SunCoke Energy in a research note on Thursday, May 2nd.

SunCoke Energy Stock Down 0.3 %

Shares of NYSE:SXC opened at $10.28 on Tuesday. SunCoke Energy, Inc. has a 52 week low of $6.71 and a 52 week high of $11.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.16 and a current ratio of 2.06. The company has a market capitalization of $864.24 million, a PE ratio of 14.48 and a beta of 1.19. The company has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $10.31.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The firm had revenue of $488.40 million during the quarter, compared to the consensus estimate of $549.40 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Analysts forecast that SunCoke Energy, Inc. will post 0.86 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Tuesday, May 14th. SunCoke Energy’s dividend payout ratio is 56.34%.

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.