Verity Asset Management Inc. Purchases New Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Verity Asset Management Inc. purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,986 shares of the energy company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its holdings in SunCoke Energy by 3.5% in the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after purchasing an additional 163,839 shares during the last quarter. Pacer Advisors Inc. bought a new position in SunCoke Energy during the 4th quarter worth approximately $27,164,000. Geode Capital Management LLC lifted its holdings in SunCoke Energy by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,984,605 shares of the energy company’s stock worth $17,230,000 after buying an additional 40,801 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in SunCoke Energy by 28.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock worth $7,396,000 after buying an additional 191,235 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in SunCoke Energy by 450.3% during the 3rd quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock worth $5,773,000 after buying an additional 544,194 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Trading Up 0.7 %

Shares of NYSE SXC opened at $9.68 on Wednesday. The company has a market cap of $813.57 million, a price-to-earnings ratio of 8.64 and a beta of 1.06. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $10.00.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. Equities research analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, February 14th. SunCoke Energy’s dividend payout ratio (DPR) is 42.86%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Profile

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