BNP Paribas Financial Markets Grows Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

BNP Paribas Financial Markets increased its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 109.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,054 shares of the energy company's stock after acquiring an additional 67,396 shares during the period. BNP Paribas Financial Markets owned approximately 0.15% of SunCoke Energy worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SXC. nVerses Capital LLC raised its stake in SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after acquiring an additional 4,400 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of SunCoke Energy during the 2nd quarter valued at about $70,000. Optas LLC purchased a new position in shares of SunCoke Energy during the 3rd quarter valued at about $88,000. Algert Global LLC purchased a new position in shares of SunCoke Energy during the 2nd quarter valued at about $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy during the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 90.45% of the company's stock.

Wall Street Analysts Forecast Growth

SXC has been the subject of a number of recent research reports. StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Benchmark reiterated a "buy" rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy Price Performance

Shares of NYSE:SXC remained flat at $12.20 during trading on Wednesday. The stock had a trading volume of 575,374 shares, compared to its average volume of 838,153. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 12.20 and a beta of 1.07. The stock has a fifty day simple moving average of $10.66 and a 200-day simple moving average of $9.86.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm had revenue of $490.10 million for the quarter, compared to analysts' expectations of $412.70 million. During the same period last year, the firm earned $0.08 EPS. The company's quarterly revenue was down 5.8% on a year-over-year basis. On average, equities research analysts forecast that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.93%. The ex-dividend date was Thursday, November 14th. SunCoke Energy's dividend payout ratio is currently 48.00%.

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.