SunCoke Energy (NYSE:SXC) Stock Price Down 3% – Here’s What Happened

SunCoke Energy, Inc. (NYSE:SXC) was down 3% during mid-day trading on Monday . The company traded as low as $9.05 and last traded at $9.09. Approximately 484,750 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 794,548 shares. The stock had previously closed at $9.37.

SunCoke Energy Trading Up 2.4 %

The stock has a market capitalization of $782.79 million, a price-to-earnings ratio of 8.29 and a beta of 0.98. 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 business has a 50-day moving average of $9.62 and a 200-day moving average of $9.96.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 5.17%. The ex-dividend date was Friday, February 14th. SunCoke Energy’s dividend payout ratio is presently 42.86%.

Institutional Trading of SunCoke Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SXC. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in SunCoke Energy by 835.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company’s stock valued at $38,000 after acquiring an additional 3,242 shares during the last quarter. GAMMA Investing LLC raised its stake in SunCoke Energy by 71.3% during the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,730 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in SunCoke Energy during the 4th quarter valued at approximately $57,000. KBC Group NV raised its stake in SunCoke Energy by 61.1% during the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after acquiring an additional 2,307 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in SunCoke Energy during the 4th quarter valued at approximately $118,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

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.