92,339 Shares in SunCoke Energy, Inc. $SXC Bought by Odyssean LLC

Odyssean LLC bought a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the second quarter, HoldingsChannel reports. The institutional investor bought 92,339 shares of the energy company’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of SunCoke Energy by 20.3% during the 1st quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock valued at $55,000 after acquiring an additional 1,422 shares during the period. Farther Finance Advisors LLC lifted its position in shares of SunCoke Energy by 69.4% in the fourth 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 SunCoke Energy by 4.3% in 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 purchasing an additional 2,064 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after buying an additional 2,528 shares during the period. Finally, State of Wyoming lifted its stake in shares of 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. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analysts Set New Price Targets

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

SunCoke Energy Stock Up 1.3%

NYSE:SXC opened at $10.32 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. The company has a market capitalization of $875.91 million, a price-to-earnings ratio of -16.12 and a beta of 1.02. SunCoke Energy, Inc. has a one year low of $5.51 and a one year high of $10.68. The stock has a 50-day simple moving average of $9.03 and a 200 day simple moving average of $7.86.

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

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, August 17th. SunCoke Energy’s payout ratio is currently -75.00%.

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.