SunCoke Energy, Inc. $SXC Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in SunCoke Energy, Inc. (NYSE:SXC) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,363,083 shares of the energy company’s stock after selling 64,624 shares during the quarter. LSV Asset Management’s holdings in SunCoke Energy were worth $27,443,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SXC. Federated Hermes Inc. boosted its stake in shares of SunCoke Energy by 20.0% in the third quarter. Federated Hermes Inc. now owns 859,617 shares of the energy company’s stock worth $7,014,000 after acquiring an additional 142,984 shares during the last quarter. Cresset Asset Management LLC increased its position in SunCoke Energy by 1,841.6% during the second quarter. Cresset Asset Management LLC now owns 195,284 shares of the energy company’s stock worth $1,677,000 after purchasing an additional 185,226 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of SunCoke Energy during the 2nd quarter valued at approximately $688,000. American Century Companies Inc. raised its position in SunCoke Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 3,609,069 shares of the energy company’s stock valued at $31,002,000 after purchasing an additional 218,263 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its position in SunCoke Energy by 162.1% in the second quarter. KLP Kapitalforvaltning AS now owns 89,900 shares of the energy company’s stock valued at $772,000 after buying an additional 55,600 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $8.02 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.12 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $7.67 and a 200 day moving average price of $7.61. The company has a market cap of $678.63 million, a P/E ratio of 10.55 and a beta of 0.98. SunCoke Energy, Inc. has a 52 week low of $6.24 and a 52 week high of $10.08.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.48 dividend on an annualized basis and a yield of 6.0%. SunCoke Energy’s dividend payout ratio (DPR) is 63.16%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SXC. B. Riley Financial decreased their price target on SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

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.