JPMorgan Chase & Co. Purchases 191,235 Shares of SunCoke Energy, Inc. (NYSE:SXC)

JPMorgan Chase & Co. grew its stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 28.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 852,051 shares of the energy company's stock after acquiring an additional 191,235 shares during the period. JPMorgan Chase & Co. owned 1.01% of SunCoke Energy worth $7,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SXC. nVerses Capital LLC grew its stake in SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock valued at $46,000 after purchasing an additional 4,400 shares in the last quarter. Optas LLC acquired a new stake in shares of SunCoke Energy in the 3rd quarter valued at approximately $88,000. Algert Global LLC bought a new position in shares of SunCoke Energy in the second quarter valued at $107,000. Retirement Investment Advisors Inc. acquired a new position in SunCoke Energy during the second quarter worth $110,000. Finally, XTX Topco Ltd bought a new stake in SunCoke Energy during the third quarter worth $120,000. Institutional investors and hedge funds own 90.45% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SXC. Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th.

SunCoke Energy Stock Performance

Shares of SXC stock traded up $0.26 during trading on Wednesday, reaching $10.33. 605,029 shares of the company's stock were exchanged, compared to its average volume of 909,783. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82. The firm's fifty day moving average price is $11.64 and its 200-day moving average price is $10.03. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $868.67 million, a PE ratio of 10.33 and a beta of 1.08.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, sell-side analysts anticipate that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 4.65%. SunCoke Energy's dividend payout ratio 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.