Norges Bank Acquires New Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Norges Bank bought a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,106,600 shares of the energy company's stock, valued at approximately $11,841,000. Norges Bank owned about 1.32% of SunCoke Energy as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Navellier & Associates Inc. increased its position in SunCoke Energy by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company's stock worth $121,000 after acquiring an additional 1,152 shares during the period. Sanctuary Advisors LLC raised its position in shares of SunCoke Energy by 3.6% during the fourth quarter. Sanctuary Advisors LLC now owns 46,022 shares of the energy company's stock valued at $492,000 after buying an additional 1,592 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 valued at $44,000 after buying an additional 1,730 shares during the period. KBC Group NV lifted its stake in shares of SunCoke Energy by 61.1% in the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company's stock valued at $65,000 after buying an additional 2,307 shares during the period. Finally, Van ECK Associates Corp increased its stake in SunCoke Energy by 3.7% during the fourth quarter. Van ECK Associates Corp now owns 83,393 shares of the energy company's stock valued at $892,000 after acquiring an additional 2,945 shares during the period. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Stock Performance

SunCoke Energy stock traded up $0.42 during trading hours on Friday, hitting $9.02. The stock had a trading volume of 824,831 shares, compared to its average volume of 895,124. The company has a 50-day moving average of $9.19 and a two-hundred day moving average of $10.05. 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, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The company has a market cap of $763.17 million, a PE ratio of 8.05 and a beta of 0.90.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. On average, equities research analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 5.32%. SunCoke Energy's dividend payout ratio is currently 42.86%.

SunCoke Energy Company 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.