SunCoke Energy (NYSE:SXC) Trading Down 3% – What’s Next?

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

SunCoke Energy Stock Down 3.4 %

The firm has a 50 day moving average price of $9.67 and a 200-day moving average price of $9.96. The firm has a market cap of $763.81 million, a price-to-earnings ratio of 8.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC) last released 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 net margin of 4.95% and a return on equity of 14.31%. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, February 14th. SunCoke Energy’s dividend payout ratio is presently 42.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP acquired a new stake in shares of SunCoke Energy in the 3rd quarter valued at approximately $178,000. Victory Capital Management Inc. increased its stake in SunCoke Energy by 1.9% in the third 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 in the last quarter. Empowered Funds LLC raised its holdings in SunCoke Energy by 5.3% in the third quarter. Empowered Funds LLC now owns 462,035 shares of the energy company’s stock worth $4,010,000 after purchasing an additional 23,450 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 purchasing an additional 37,378 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of SunCoke Energy by 116.0% in the 3rd quarter. Intech Investment Management LLC now owns 42,606 shares of the energy company’s stock valued at $370,000 after buying an additional 22,881 shares during the period. 90.45% of the stock is currently owned by institutional investors.

About SunCoke Energy

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.