Semanteon Capital Management LP Purchases Shares of 92,396 SunCoke Energy, Inc. (NYSE:SXC)

Semanteon Capital Management LP purchased a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 92,396 shares of the energy company's stock, valued at approximately $802,000. Semanteon Capital Management LP owned approximately 0.11% of SunCoke Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SXC. nVerses Capital LLC boosted its position in SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after purchasing an additional 4,400 shares during the last quarter. Innealta Capital LLC purchased a new position in SunCoke Energy in the second quarter worth about $70,000. Algert Global LLC purchased a new position in SunCoke Energy in the second quarter worth about $107,000. Retirement Investment Advisors Inc. purchased a new position in SunCoke Energy in the second quarter worth about $110,000. Finally, Beacon Bridge Wealth Partners LLC purchased a new position in SunCoke Energy in the second quarter worth about $111,000. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Stock Performance

Shares of NYSE SXC traded up $0.12 during trading on Monday, hitting $8.66. The company had a trading volume of 438,827 shares, compared to its average volume of 832,737. The stock has a 50 day simple moving average of $8.46 and a 200 day simple moving average of $9.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $11.85. The firm has a market capitalization of $728.09 million, a P/E ratio of 12.20 and a beta of 1.04.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The firm had revenue of $470.90 million for the quarter, compared to the consensus estimate of $410.35 million. During the same quarter last year, the company earned $0.24 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. This is an increase from SunCoke Energy's previous quarterly dividend of $0.10. SunCoke Energy's dividend payout ratio (DPR) is 67.61%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

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.