Jefferies Financial Group Inc. Takes Position in SunCoke Energy, Inc. $SXC

Jefferies Financial Group Inc. acquired a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC) during the second quarter, HoldingsChannel reports. The institutional investor acquired 358,916 shares of the energy company’s stock, valued at approximately $2,889,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth about $72,643,000. Assenagon Asset Management S.A. acquired a new position in shares of SunCoke Energy in the second quarter valued at approximately $7,359,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SunCoke Energy in the second quarter valued at approximately $6,614,000. Gendell Jeffrey L lifted its stake in shares of SunCoke Energy by 82.3% during the fourth quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock valued at $10,599,000 after buying an additional 664,528 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of SunCoke Energy by 72.0% during the second quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after buying an additional 605,366 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analyst Ratings Changes

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

SunCoke Energy Trading Down 0.9%

SXC opened at $10.19 on Friday. The firm’s 50 day moving average is $8.83 and its 200-day moving average is $7.79. SunCoke Energy, Inc. has a 52-week low of $5.51 and a 52-week high of $10.40. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $864.93 million, a P/E ratio of -15.92 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share 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 business had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. During the same period last year, the business earned $0.02 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Analysts expect that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

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

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.