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

Semanteon Capital Management LP purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 92,396 shares of the energy company’s stock, valued at approximately $802,000.

Other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC raised 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 worth $46,000 after buying an additional 4,400 shares in the last quarter. Innealta Capital LLC bought a new position in shares of SunCoke Energy in the 2nd quarter worth $70,000. Algert Global LLC purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth $107,000. Retirement Investment Advisors Inc. bought a new stake in SunCoke Energy during the second quarter valued at about $110,000. Finally, Beacon Bridge Wealth Partners LLC bought a new position in SunCoke Energy in the second quarter worth about $111,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Up 1.2 %

SunCoke Energy stock traded up $0.10 during midday trading on Monday, reaching $8.64. The company’s stock had a trading volume of 23,474 shares, compared to its average volume of 830,738. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. The stock has a market capitalization of $726.54 million, a P/E ratio of 11.86 and a beta of 1.04. The stock’s 50-day simple moving average is $8.46 and its 200-day simple moving average is $9.55. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $11.85.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The company had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $410.35 million. During the same period last year, the business earned $0.24 EPS. SunCoke Energy’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, sell-side analysts expect that SunCoke Energy, Inc. will post 0.94 EPS for the current year.

SunCoke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.12 dividend. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.56%. SunCoke Energy’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note 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.