Graham Capital Management L.P. Acquires New Shares in SunCoke Energy, Inc. $SXC

Key Points

• Graham Capital Management L.P. has invested approximately $866,000 in SunCoke Energy, purchasing 94,184 shares during the first quarter, which represents around 0.11% ownership of the company.
• SunCoke Energy recently reported a net margin of 3.99% and a revenue of $434.10 million for the last quarter, down 7.8% compared to the same period last year.
• The company declared a quarterly dividend of $0.12 per share, yielding approximately 6.3%, with a payout ratio of 55.81%.

Graham Capital Management L.P. bought a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 94,184 shares of the energy company's stock, valued at approximately $866,000. Graham Capital Management L.P. owned 0.11% of SunCoke Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of SunCoke Energy by 65.9% during the 4th quarter. First Trust Advisors LP now owns 48,423 shares of the energy company's stock worth $518,000 after acquiring an additional 19,234 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in SunCoke Energy by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,107 shares of the energy company's stock worth $783,000 after purchasing an additional 5,595 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of SunCoke Energy by 15.5% in the 4th quarter. Northern Trust Corp now owns 933,091 shares of the energy company's stock valued at $9,984,000 after purchasing an additional 125,414 shares in the last quarter. Algert Global LLC boosted its holdings in shares of SunCoke Energy by 642.1% in the 4th 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. Finally, Ameriprise Financial Inc. raised its holdings in shares of SunCoke Energy by 1.3% during the 4th quarter. Ameriprise Financial Inc. now owns 577,737 shares of the energy company's stock worth $6,182,000 after buying an additional 7,505 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Price Performance

Shares of SXC stock traded up $0.19 on Wednesday, hitting $7.74. 774,306 shares of the company's stock were exchanged, compared to its average volume of 957,385. The company has a 50 day moving average of $7.95 and a 200 day moving average of $8.51. The stock has a market cap of $655.26 million, a P/E ratio of 9.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. SunCoke Energy, Inc. has a 12 month low of $7.18 and a 12 month high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The business had revenue of $434.10 million for the quarter, compared to analyst estimates of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm's revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. On average, equities research analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Friday, August 15th. SunCoke Energy's dividend payout ratio is currently 55.81%.

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.