SunCoke Energy (NYSE:SXC) Stock Crosses Above Two Hundred Day Moving Average of $10.25

SunCoke Energy, Inc. (NYSE:SXC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.25 and traded as high as $11.03. SunCoke Energy shares last traded at $10.74, with a volume of 572,216 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th.

SunCoke Energy Stock Performance

The company’s 50-day moving average is $10.93 and its two-hundred day moving average is $10.26. The company has a current ratio of 1.86, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The firm has a market cap of $902.07 million, a P/E ratio of 16.02 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, February 1st. The energy company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The firm had revenue of $520.60 million for the quarter, compared to analysts’ expectations of $406.40 million. During the same quarter last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.86 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 3.73%. SunCoke Energy’s dividend payout ratio is currently 59.70%.

Insiders Place Their Bets

In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the transaction, the chief executive officer now owns 521,073 shares of the company’s stock, valued at approximately $5,789,121.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Michael G. Rippey sold 122,533 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the completion of the sale, the chief executive officer now owns 521,073 shares in the company, valued at approximately $5,789,121.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael G. Rippey sold 48,618 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.93, for a total transaction of $531,394.74. Following the sale, the chief executive officer now owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The disclosure for this sale can be found here. Insiders have sold a total of 251,572 shares of company stock valued at $2,781,834 in the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SunCoke Energy

Several large investors have recently modified their holdings of SXC. SummerHaven Investment Management LLC grew its stake in SunCoke Energy by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 90,161 shares of the energy company’s stock valued at $968,000 after buying an additional 1,106 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in SunCoke Energy by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 27,070 shares of the energy company’s stock valued at $213,000 after buying an additional 1,464 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in SunCoke Energy by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,158 shares of the energy company’s stock valued at $636,000 after buying an additional 1,553 shares in the last quarter. Quarry LP grew its stake in SunCoke Energy by 48.0% in the 2nd quarter. Quarry LP now owns 5,206 shares of the energy company’s stock valued at $41,000 after buying an additional 1,689 shares in the last quarter. Finally, Swiss National Bank grew its stake in SunCoke Energy by 0.9% in the 3rd quarter. Swiss National Bank now owns 184,050 shares of the energy company’s stock valued at $1,868,000 after buying an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

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.