AJOVista LLC Invests $77,000 in SunCoke Energy, Inc. (NYSE:SXC)

AJOVista LLC bought a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 7,158 shares of the energy company’s stock, valued at approximately $77,000.

A number of other large investors have also bought and sold shares of SXC. LSV Asset Management lifted its holdings in shares of SunCoke Energy by 15.4% in the 4th quarter. LSV Asset Management now owns 2,049,517 shares of the energy company’s stock worth $22,012,000 after purchasing an additional 272,759 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of SunCoke Energy by 35.4% in the fourth quarter. Van ECK Associates Corp now owns 100,020 shares of the energy company’s stock valued at $1,074,000 after buying an additional 26,154 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings 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 valued at $968,000 after buying an additional 1,106 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of SunCoke Energy by 140.6% in the 4th quarter. Russell Investments Group Ltd. now owns 85,538 shares of the energy company’s stock worth $919,000 after acquiring an additional 49,984 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in SunCoke Energy during the 4th quarter worth approximately $31,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

SXC traded up $0.18 during midday trading on Friday, reaching $10.31. The company had a trading volume of 672,411 shares, compared to its average volume of 639,475. SunCoke Energy, Inc. has a 12-month low of $6.71 and a 12-month high of $11.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 2.06. The business has a 50-day moving average price of $10.81 and a two-hundred day moving average price of $10.30. The stock has a market cap of $866.76 million, a PE ratio of 14.52 and a beta of 1.19.

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

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Tuesday, May 14th. SunCoke Energy’s dividend payout ratio is 56.34%.

Insiders Place Their Bets

In other SunCoke Energy news, CEO Michael G. Rippey sold 48,618 shares of SunCoke Energy stock in a transaction that occurred 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 directly owns 763,409 shares in the company, valued at $8,344,060.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other SunCoke Energy 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 transaction, the chief executive officer now owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 342,359 shares of the company’s stock, valued at approximately $3,786,490.54. The disclosure for this sale can be found here. Insiders have sold 251,572 shares of company stock worth $2,781,834 in the last ninety days. 1.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday. Benchmark restated a “buy” rating and set a $12.00 price target on shares of SunCoke Energy in a report on Thursday.

About SunCoke Energy

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.