SunCoke Energy, Inc. (SXC) Insider Phillip Michael Hardesty Sells 4,444 Shares of Stock
SunCoke Energy, Inc. (NYSE:SXC) insider Phillip Michael Hardesty sold 4,444 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $11.37, for a total transaction of $50,528.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of SunCoke Energy, Inc. (NYSE SXC) remained flat at $$11.39 during mid-day trading on Friday. 552,454 shares of the stock traded hands, compared to its average volume of 409,074. The company has a market cap of $733.01, a PE ratio of 29.21 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.58 and a quick ratio of 1.04. SunCoke Energy, Inc. has a 12-month low of $7.66 and a 12-month high of $13.14.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 26th. The energy company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.26. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $344.40 million. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. analysts forecast that SunCoke Energy, Inc. will post -0.16 EPS for the current year.
Several equities research analysts recently issued reports on SXC shares. BidaskClub raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, November 1st. Finally, B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a research report on Wednesday, November 1st.
A number of large investors have recently modified their holdings of SXC. Vanguard Group Inc. lifted its holdings in shares of SunCoke Energy by 1.7% in the second quarter. Vanguard Group Inc. now owns 4,936,265 shares of the energy company’s stock worth $53,804,000 after buying an additional 82,674 shares in the last quarter. Boston Partners raised its stake in shares of SunCoke Energy by 30.0% during the second 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. State Street Corp raised its stake in shares of SunCoke Energy by 16.9% during the first quarter. State Street Corp now owns 3,062,681 shares of the energy company’s stock worth $27,445,000 after acquiring an additional 443,774 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SunCoke Energy by 81.3% in the third quarter. JPMorgan Chase & Co. now owns 1,711,619 shares of the energy company’s stock worth $15,353,000 after purchasing an additional 767,312 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of SunCoke Energy by 0.6% in the second quarter. Northern Trust Corp now owns 764,495 shares of the energy company’s stock worth $8,334,000 after purchasing an additional 4,675 shares during the last quarter. Hedge funds and other institutional investors own 90.90% of the company’s stock.
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About SunCoke Energy
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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