Lee Danner & Bass Inc. Boosts Position in SunCoke Energy, Inc. $SXC

Lee Danner & Bass Inc. boosted its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 983.3% in the first quarter, HoldingsChannel.com reports. The firm owned 195,000 shares of the energy company’s stock after buying an additional 177,000 shares during the quarter. Lee Danner & Bass Inc.’s holdings in SunCoke Energy were worth $1,269,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SXC. EverSource Wealth Advisors LLC raised its holdings in SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after purchasing an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after buying an additional 1,569 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of SunCoke Energy by 44.9% in the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after buying an additional 1,318 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock valued at $48,000 after buying an additional 3,582 shares during the last quarter. Finally, RPO LLC purchased a new position in shares of SunCoke Energy in the 4th quarter valued at $73,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Down 0.3%

Shares of NYSE SXC opened at $7.80 on Friday. The business has a 50-day moving average price of $8.20 and a 200 day moving average price of $7.41. The stock has a market cap of $661.75 million, a PE ratio of -10.13 and a beta of 0.99. The company has a quick ratio of 1.31, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. SunCoke Energy, Inc. has a 52-week low of $5.51 and a 52-week high of $9.73.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, April 30th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The firm had revenue of $455.10 million for the quarter, compared to analyst estimates of $416.15 million. During the same period last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that SunCoke Energy, Inc. will post 0.2 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.48 annualized dividend and a yield of 6.2%. SunCoke Energy’s dividend payout ratio is currently -62.34%.

About SunCoke Energy

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.