Navellier & Associates Inc. Raises Stake in SunCoke Energy, Inc. (NYSE:SXC)

Navellier & Associates Inc. lifted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 11.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,323 shares of the energy company’s stock after purchasing an additional 1,152 shares during the quarter. Navellier & Associates Inc.’s holdings in SunCoke Energy were worth $121,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SXC. Semanteon Capital Management LP purchased a new stake in shares of SunCoke Energy during the 3rd quarter worth about $802,000. Optas LLC purchased a new position in SunCoke Energy in the 3rd quarter worth approximately $88,000. Olympiad Research LP boosted its holdings in SunCoke Energy by 99.6% in the 3rd quarter. Olympiad Research LP now owns 45,318 shares of the energy company’s stock worth $393,000 after acquiring an additional 22,612 shares during the period. CWA Asset Management Group LLC purchased a new position in SunCoke Energy in the 3rd quarter worth approximately $497,000. Finally, Entropy Technologies LP purchased a new position in SunCoke Energy in the 3rd quarter worth approximately $178,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Down 3.4 %

NYSE SXC opened at $9.19 on Monday. The stock has a market cap of $772.39 million, a PE ratio of 8.20 and a beta of 1.06. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The business has a 50 day moving average price of $10.20 and a two-hundred day moving average price of $9.92. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. As a group, sell-side analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Friday, February 14th. SunCoke Energy’s payout ratio is 42.86%.

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.