57,379 Shares in SunCoke Energy, Inc. $SXC Acquired by PDT Partners LLC

PDT Partners LLC purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 57,379 shares of the energy company’s stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada grew its stake in SunCoke Energy by 20.3% during the first quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock worth $55,000 after buying an additional 1,422 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of SunCoke Energy by 69.4% during the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SunCoke Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after acquiring an additional 2,064 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in SunCoke Energy by 544.8% during the 2nd 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 during the period. Finally, State of Wyoming boosted its position in SunCoke Energy by 7.2% during the 2nd quarter. State of Wyoming now owns 39,273 shares of the energy company’s stock worth $337,000 after purchasing an additional 2,636 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Stock Up 4.5%

NYSE SXC opened at $10.27 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $10.32. The business has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $7.77. The stock has a market cap of $871.38 million, a PE ratio of -16.04 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same quarter last year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s dividend payout ratio (DPR) is presently -75.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings upgraded SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $9.00.

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.