Veracity Capital LLC Makes New $453,000 Investment in SunCoke Energy, Inc. (NYSE:SXC)

Veracity Capital LLC purchased a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,331 shares of the energy company’s stock, valued at approximately $453,000. Veracity Capital LLC owned about 0.05% of SunCoke Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SXC. Ballentine Partners LLC raised its position in SunCoke Energy by 19.5% during the 4th quarter. Ballentine Partners LLC now owns 19,041 shares of the energy company’s stock worth $204,000 after purchasing an additional 3,102 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of SunCoke Energy by 25.5% in the fourth quarter. Ritholtz Wealth Management now owns 59,462 shares of the energy company’s stock valued at $636,000 after buying an additional 12,075 shares during the period. CWA Asset Management Group LLC raised its position in shares of SunCoke Energy by 21.0% during the fourth quarter. CWA Asset Management Group LLC now owns 69,326 shares of the energy company’s stock worth $742,000 after acquiring an additional 12,024 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,730 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in SunCoke Energy by 28.9% in the third quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock valued at $7,396,000 after acquiring an additional 191,235 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

SunCoke Energy Stock Up 1.3 %

Shares of SunCoke Energy stock opened at $10.28 on Friday. The stock’s 50-day moving average is $11.34 and its 200 day moving average is $10.04. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The firm has a market cap of $864.11 million, a price-to-earnings ratio of 10.28 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. Equities research analysts anticipate that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s dividend payout ratio (DPR) is currently 48.00%.

About SunCoke Energy

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.