Tocqueville Asset Management L.P. Makes New $118,000 Investment in SunCoke Energy, Inc. (NYSE:SXC)

Tocqueville Asset Management L.P. purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,040 shares of the energy company’s stock, valued at approximately $118,000.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in SunCoke Energy by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company’s stock valued at $950,000 after purchasing an additional 2,054 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SunCoke Energy by 13.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 312,955 shares of the energy company’s stock worth $2,716,000 after buying an additional 37,378 shares during the period. Intech Investment Management LLC raised its stake in SunCoke Energy by 116.0% during the third quarter. Intech Investment Management LLC now owns 42,606 shares of the energy company’s stock worth $370,000 after buying an additional 22,881 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in SunCoke Energy by 182.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 127,344 shares of the energy company’s stock worth $1,105,000 after buying an additional 82,244 shares during the last quarter. Finally, FMR LLC lifted its holdings in SunCoke Energy by 27.5% in the third quarter. FMR LLC now owns 327,724 shares of the energy company’s stock valued at $2,845,000 after buying an additional 70,786 shares during the period. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock opened at $9.37 on Friday. The company has a market cap of $789.96 million, a P/E ratio of 8.36 and a beta of 0.98. 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 business has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $9.96. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Friday, February 14th. SunCoke Energy’s dividend payout ratio is presently 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.