Bank of America Corp DE Has $1.10 Million Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Bank of America Corp DE cut its position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 79.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,578 shares of the energy company's stock after selling 390,523 shares during the quarter. Bank of America Corp DE owned 0.12% of SunCoke Energy worth $1,098,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SunCoke Energy by 835.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock valued at $38,000 after purchasing an additional 3,242 shares in the last quarter. KBC Group NV boosted its holdings in SunCoke Energy by 61.1% during the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company's stock valued at $65,000 after purchasing an additional 2,307 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in SunCoke Energy during the fourth quarter valued at approximately $118,000. Navellier & Associates Inc. boosted its holdings in SunCoke Energy by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company's stock valued at $121,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Quarry LP acquired a new stake in SunCoke Energy during the fourth quarter valued at approximately $125,000. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Price Performance

NYSE SXC traded up $0.12 during trading on Friday, reaching $8.24. 705,009 shares of the company traded hands, compared to its average volume of 929,662. 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 stock's 50 day moving average price is $8.81 and its two-hundred day moving average price is $9.78. The company has a market cap of $697.10 million, a price-to-earnings ratio of 7.35 and a beta of 1.11. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. The company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $371.60 million. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. The company's quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Friday, May 16th. SunCoke Energy's payout ratio is currently 44.04%.

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.