Bank of New York Mellon Corp Trims Position in SunCoke Energy, Inc. (NYSE:SXC)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in SunCoke Energy by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,993,020 shares of the energy company's stock worth $74,825,000 after purchasing an additional 19,644 shares during the last quarter. American Century Companies Inc. increased its position in SunCoke Energy by 11.0% during the fourth quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company's stock worth $32,985,000 after purchasing an additional 306,356 shares during the last quarter. LSV Asset Management increased its position in SunCoke Energy by 9.8% during the fourth quarter. LSV Asset Management now owns 2,216,505 shares of the energy company's stock worth $23,717,000 after purchasing an additional 196,939 shares during the last quarter. Bridgeway Capital Management LLC increased its position in SunCoke Energy by 1.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,513,768 shares of the energy company's stock worth $16,197,000 after purchasing an additional 23,633 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in SunCoke Energy by 73.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock worth $15,683,000 after purchasing an additional 619,532 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company's stock.

SunCoke Energy Price Performance

SunCoke Energy stock opened at $8.49 on Tuesday. The firm has a market capitalization of $718.26 million, a P/E ratio of 7.78 and a beta of 1.11. The firm has a fifty day moving average of $8.42 and a 200-day moving average of $9.07. The company has a quick ratio of 1.39, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $371.60 million. SunCoke Energy had a net margin of 4.95% and a return on equity of 13.40%. The business's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Friday, May 16th. SunCoke Energy's dividend payout ratio is currently 44.04%.

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.

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