Veracity Capital LLC Makes New Investment in SunCoke Energy, Inc. (NYSE:SXC)

Veracity Capital LLC acquired a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,331 shares of the energy company's stock, valued at approximately $453,000. Veracity Capital LLC owned about 0.05% of SunCoke Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in SunCoke Energy by 61.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,173 shares of the energy company's stock valued at $198,000 after acquiring an additional 7,668 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of SunCoke Energy in the second quarter valued at $193,000. Public Sector Pension Investment Board lifted its position in SunCoke Energy by 6.4% in the second quarter. Public Sector Pension Investment Board now owns 184,991 shares of the energy company's stock worth $1,813,000 after purchasing an additional 11,184 shares during the period. Bank of Montreal Can boosted its stake in SunCoke Energy by 111.3% during the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company's stock worth $1,729,000 after buying an additional 92,827 shares in the last quarter. Finally, AXA S.A. increased its holdings in SunCoke Energy by 103.0% in the 2nd quarter. AXA S.A. now owns 21,688 shares of the energy company's stock valued at $213,000 after buying an additional 11,003 shares during the period. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Price Performance

Shares of NYSE SXC traded down $0.06 during midday trading on Friday, reaching $10.20. 496,849 shares of the company traded hands, compared to its average volume of 821,277. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The stock's 50-day simple moving average is $11.34 and its 200-day simple moving average is $10.04. The firm has a market cap of $858.05 million, a PE ratio of 10.20 and a beta of 1.08.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.14. The firm had revenue of $490.10 million during 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 firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. As a group, equities analysts anticipate that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.70%. SunCoke Energy's dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SXC shares. StockNews.com upgraded shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a "buy" rating and set a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th.

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.