Virginia Retirement Systems ET AL Makes New $76,000 Investment in SunCoke Energy, Inc. (NYSE:SXC)

Virginia Retirement Systems ET AL acquired a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,500 shares of the energy company’s stock, valued at approximately $76,000.

Several other institutional investors have also recently modified their holdings of SXC. Point72 Hong Kong Ltd bought a new stake in SunCoke Energy during the 3rd quarter valued at $39,000. Royal Bank of Canada raised its position in SunCoke Energy by 40.6% during the 2nd quarter. Royal Bank of Canada now owns 11,199 shares of the energy company’s stock valued at $80,000 after purchasing an additional 3,235 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in SunCoke Energy in the 3rd quarter worth approximately $85,000. Mackenzie Financial Corp grew its position in shares of SunCoke Energy by 17.8% in the 3rd quarter. Mackenzie Financial Corp now owns 14,983 shares of the energy company’s stock worth $94,000 after buying an additional 2,266 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of SunCoke Energy during the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 83.23% of the company’s stock.

A number of brokerages recently commented on SXC. Zacks Investment Research lowered SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. StockNews.com lowered shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 7th. Finally, TheStreet downgraded shares of SunCoke Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 1st.

Shares of SXC stock opened at $8.71 on Friday. The stock has a market cap of $723.91 million, a price-to-earnings ratio of 17.08 and a beta of 1.13. The business’s fifty day moving average is $8.67 and its 200 day moving average is $7.46. SunCoke Energy, Inc. has a twelve month low of $5.85 and a twelve month high of $9.82. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 1.14.

SunCoke Energy (NYSE:SXC – Get Rating) last announced its earnings results on Tuesday, February 1st. The energy company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.12). The business had revenue of $365.30 million for the quarter, compared to the consensus estimate of $369.90 million. SunCoke Energy had a net margin of 2.98% and a return on equity of 12.74%. During the same quarter last year, the firm posted ($0.08) EPS. Equities research analysts expect that SunCoke Energy, Inc. will post 0.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Thursday, February 17th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, February 16th. SunCoke Energy’s dividend payout ratio (DPR) is presently 47.06%.

About SunCoke Energy (Get Rating)

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.

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