Graham Capital Management L.P. Takes $866,000 Position 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. purchased a new position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State of Wyoming lifted its stake in SunCoke Energy by 5.0% in the fourth quarter. State of Wyoming now owns 30,608 shares of the energy company's stock valued at $328,000 after buying an additional 1,452 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of SunCoke Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,680 shares of the energy company's stock worth $510,000 after purchasing an additional 1,664 shares during the period. Versant Capital Management Inc boosted its holdings in 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 period. Quarry LP raised its stake in SunCoke Energy by 16.5% in the first quarter. Quarry LP now owns 13,611 shares of the energy company's stock valued at $125,000 after purchasing an additional 1,923 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of SunCoke Energy by 14.2% in the 4th quarter. Quantinno Capital Management LP now owns 23,798 shares of the energy company's stock valued at $255,000 after purchasing an additional 2,968 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.

SunCoke Energy Trading Up 3.5%

Shares of SXC stock traded up $0.27 during trading hours on Friday, hitting $7.88. 875,693 shares of the company's stock traded hands, compared to its average volume of 1,080,967. The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a 12 month low of $7.18 and a 12 month high of $12.82. The stock's 50 day simple moving average is $8.01 and its 200 day simple moving average is $8.54. The stock has a market cap of $666.78 million, a PE ratio of 9.16 and a beta of 1.07.

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

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, August 15th. SunCoke Energy's dividend payout ratio (DPR) is presently 55.81%.

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.