Wells Fargo & Company MN reduced its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,800 shares of the energy company’s stock after selling 23,444 shares during the quarter. Wells Fargo & Company MN owned approximately 0.84% of SunCoke Energy worth $5,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SXC. Vanguard Group Inc. boosted its holdings in shares of SunCoke Energy by 25.9% in the 1st quarter. Vanguard Group Inc. now owns 4,853,591 shares of the energy company’s stock worth $43,488,000 after acquiring an additional 999,209 shares in the last quarter. Gendell Jeffrey L boosted its holdings in shares of SunCoke Energy by 99.4% in the 1st quarter. Gendell Jeffrey L now owns 1,963,258 shares of the energy company’s stock worth $17,591,000 after acquiring an additional 978,441 shares in the last quarter. Boston Partners boosted its holdings in shares of SunCoke Energy by 30.0% in the 2nd quarter. Boston Partners now owns 3,901,699 shares of the energy company’s stock worth $42,528,000 after acquiring an additional 900,669 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of SunCoke Energy in the 1st quarter worth approximately $7,161,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of SunCoke Energy by 287.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 944,307 shares of the energy company’s stock worth $10,293,000 after acquiring an additional 700,860 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy, Inc. (NYSE:SXC) opened at 9.12 on Wednesday. The firm’s 50-day moving average price is $9.09 and its 200 day moving average price is $9.27. The firm’s market cap is $586.68 million. SunCoke Energy, Inc. has a 12-month low of $7.23 and a 12-month high of $13.14.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. The business had revenue of $323.20 million for the quarter, compared to analysts’ expectations of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. Analysts forecast that SunCoke Energy, Inc. will post ($0.34) earnings per share for the current fiscal year.

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SXC has been the topic of several recent analyst reports. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, July 19th. TheStreet downgraded SunCoke Energy from a “c-” rating to a “d+” rating in a report on Friday, August 4th. Finally, BidaskClub downgraded SunCoke Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

In other SunCoke Energy news, Director James E. Sweetnam sold 11,715 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $9.09, for a total transaction of $106,489.35. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $181,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Sweetnam sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $8.76, for a total transaction of $175,200.00. Following the sale, the director now directly owns 10,000 shares in the company, valued at approximately $87,600. The disclosure for this sale can be found here. Insiders own 3.85% of the company’s stock.

SunCoke Energy Profile

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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