James E. Sweetnam Buys 5,300 Shares of SunCoke Energy Inc (NYSE:SXC) Stock

SunCoke Energy Inc (NYSE:SXC) Director James E. Sweetnam acquired 5,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of $4.98 per share, for a total transaction of $26,394.00.

SXC stock traded up $0.05 during trading on Friday, hitting $5.07. 59,451 shares of the company’s stock traded hands, compared to its average volume of 1,434,628. The firm has a market capitalization of $432.91 million, a P/E ratio of 12.68 and a beta of 1.25. The business has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $7.00. The company has a quick ratio of 0.88, a current ratio of 1.73 and a debt-to-equity ratio of 1.43. SunCoke Energy Inc has a 1 year low of $4.55 and a 1 year high of $11.36.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Tuesday, November 5th. The energy company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The company had revenue of $404.30 million during the quarter, compared to the consensus estimate of $359.05 million. SunCoke Energy had a negative net margin of 9.48% and a positive return on equity of 3.89%. SunCoke Energy’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. On average, equities research analysts predict that SunCoke Energy Inc will post 0.34 EPS for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 18th. SunCoke Energy’s dividend payout ratio (DPR) is 15.00%.

SXC has been the topic of several research reports. TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d” rating in a report on Tuesday, November 5th. Zacks Investment Research raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. B. Riley lowered shares of SunCoke Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $8.00 in a report on Monday, September 30th. Finally, ValuEngine raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Biltmore Capital Advisors LLC acquired a new stake in SunCoke Energy in the third quarter valued at approximately $7,614,000. First Trust Advisors LP acquired a new stake in SunCoke Energy in the third quarter valued at approximately $1,167,000. Clear Harbor Asset Management LLC boosted its stake in SunCoke Energy by 333.7% in the third quarter. Clear Harbor Asset Management LLC now owns 111,125 shares of the energy company’s stock valued at $627,000 after acquiring an additional 85,500 shares in the last quarter. Texas Permanent School Fund boosted its stake in SunCoke Energy by 40.2% in the third quarter. Texas Permanent School Fund now owns 62,080 shares of the energy company’s stock valued at $350,000 after acquiring an additional 17,798 shares in the last quarter. Finally, Comerica Bank boosted its stake in SunCoke Energy by 41.5% in the third quarter. Comerica Bank now owns 84,793 shares of the energy company’s stock valued at $476,000 after acquiring an additional 24,866 shares in the last quarter. Institutional investors own 85.89% of the company’s stock.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.

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