821,587 Shares in SunCoke Energy, Inc. $SXC Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 821,587 shares of the energy company’s stock, valued at approximately $6,614,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.97% of SunCoke Energy at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of SunCoke Energy during the 2nd quarter valued at approximately $72,643,000. Vanguard Group Inc. lifted its holdings in SunCoke Energy by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock valued at $50,579,000 after acquiring an additional 33,535 shares during the last quarter. Dimensional Fund Advisors LP grew its position in SunCoke Energy by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock worth $35,222,000 after acquiring an additional 68,996 shares during the period. Renaissance Technologies LLC increased its stake in SunCoke Energy by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 2,663,161 shares of the energy company’s stock worth $19,175,000 after acquiring an additional 261,400 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in SunCoke Energy by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,238,567 shares of the energy company’s stock worth $16,120,000 after acquiring an additional 19,084 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analyst Ratings Changes

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

SunCoke Energy Price Performance

SXC stock opened at $9.80 on Thursday. The business’s fifty day moving average price is $8.77 and its 200 day moving average price is $7.76. SunCoke Energy, Inc. has a 12-month low of $5.51 and a 12-month high of $9.93. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $831.82 million, a PE ratio of -15.31 and a beta of 0.98.

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

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.9%. SunCoke Energy’s payout ratio is -75.00%.

SunCoke Energy 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.