SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 994,533 shares of the energy company's stock after selling 35,663 shares during the quarter. Bank of New York Mellon Corp owned 1.17% of SunCoke Energy worth $9,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of SunCoke Energy by 835.6% in 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 purchasing an additional 3,242 shares during the last quarter. Versant Capital Management Inc increased its position in shares of SunCoke Energy by 61.6% in the 1st quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock valued at $41,000 after purchasing an additional 1,683 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in SunCoke Energy in the fourth quarter valued at approximately $57,000. Wealth Enhancement Advisory Services LLC acquired a new stake in SunCoke Energy during the first quarter worth approximately $106,000. Finally, Quarry LP acquired a new stake in SunCoke Energy during the fourth quarter worth approximately $125,000. Institutional investors and hedge funds own 90.45% of the company's stock.

SunCoke Energy Stock Down 1.3%

SXC stock traded down $0.12 during midday trading on Friday, reaching $8.44. 676,836 shares of the company were exchanged, compared to its average volume of 974,898. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.39 and a current ratio of 2.40. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The stock's 50-day simple moving average is $8.40 and its 200 day simple moving average is $9.04. The company has a market cap of $714.02 million, a price-to-earnings ratio of 7.74 and a beta of 1.11.

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, topping analysts' consensus estimates of $0.17 by $0.03. The company 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 13.40%. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. On average, equities analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.69%. SunCoke Energy's dividend payout ratio (DPR) is 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.