SunCoke Energy (NYSE:SXC) CFO Mark Marinko Buys 10,000 Shares

SunCoke Energy, Inc. (NYSE:SXC) CFO Mark Marinko acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $5.84 per share, for a total transaction of $58,400.00. Following the completion of the transaction, the chief financial officer directly owned 71,798 shares in the company, valued at approximately $419,300.32. This trade represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

SunCoke Energy Price Performance

Shares of NYSE SXC traded up $0.01 during mid-day trading on Friday, reaching $5.68. The company’s stock had a trading volume of 314,936 shares, compared to its average volume of 1,249,739. The firm has a market capitalization of $480.48 million, a PE ratio of -10.98 and a beta of 0.98. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.11 and a quick ratio of 1.11. The stock has a fifty day moving average of $7.55 and a two-hundred day moving average of $7.54. SunCoke Energy, Inc. has a 52 week low of $5.51 and a 52 week high of $9.82.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, February 17th. The energy company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.10). SunCoke Energy had a positive return on equity of 7.43% and a negative net margin of 2.41%.The business had revenue of $480.20 million during the quarter, compared to analysts’ expectations of $437.45 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, February 17th. SunCoke Energy’s payout ratio is -92.31%.

Analysts Set New Price Targets

SXC has been the subject of a number of research reports. B. Riley Financial dropped their price target on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SunCoke Energy currently has an average rating of “Hold” and an average target price of $9.00.

Hedge Funds Weigh In On SunCoke Energy

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after buying an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of SunCoke Energy by 69.4% in the fourth 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 during the period. Allworth Financial LP lifted its holdings in shares of SunCoke Energy by 80.6% in the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,620 shares during the last quarter. Signaturefd LLC grew its holdings in SunCoke Energy by 44.9% during the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,318 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in SunCoke Energy by 190.0% in the 3rd 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. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Company Profile

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.