Bank of America Corp DE Sells 390,523 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Bank of America Corp DE lessened its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 79.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 102,578 shares of the energy company's stock after selling 390,523 shares during the period. Bank of America Corp DE owned approximately 0.12% of SunCoke Energy worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in SunCoke Energy by 14.6% in the 4th quarter. BNP Paribas Financial Markets now owns 147,907 shares of the energy company's stock valued at $1,583,000 after acquiring an additional 18,853 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of SunCoke Energy by 1.3% during the fourth quarter. Ameriprise Financial Inc. now owns 577,737 shares of the energy company's stock valued at $6,182,000 after purchasing an additional 7,505 shares during the period. Algert Global LLC raised its stake in shares of SunCoke Energy by 642.1% in the fourth quarter. Algert Global LLC now owns 231,454 shares of the energy company's stock valued at $2,477,000 after purchasing an additional 200,264 shares in the last quarter. Jane Street Group LLC lifted its position in SunCoke Energy by 67.1% in the fourth quarter. Jane Street Group LLC now owns 1,111,217 shares of the energy company's stock worth $11,890,000 after purchasing an additional 446,163 shares during the period. Finally, Voleon Capital Management LP bought a new position in SunCoke Energy in the fourth quarter worth $294,000. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Performance

SunCoke Energy stock traded down $0.01 on Tuesday, hitting $8.35. The company's stock had a trading volume of 576,719 shares, compared to its average volume of 928,824. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The firm has a market cap of $706.41 million, a P/E ratio of 7.45 and a beta of 1.11. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $8.79 and a 200-day moving average price of $9.72.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results 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 business had revenue of $436.00 million for the quarter, compared to analysts' expectations of $371.60 million. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 5.75%. SunCoke Energy's dividend payout ratio (DPR) is presently 44.04%.

SunCoke Energy 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.