Petrus Trust Company LTA Acquires 50,095 Shares of SunCoke Energy, Inc. $SXC

Key Points

• Petrus Trust Company LTA has increased its holdings in SunCoke Energy, Inc. by 118.5%, owning 92,365 shares valued at $850,000 after acquiring an additional 50,095 shares during the first quarter.
• SunCoke Energy reported a net loss of $0.02 per share for the last quarter, missing the consensus estimate of $0.15, despite a revenue of $434.1 million which exceeded analyst expectations.
• The company announced a quarterly dividend of $0.12, resulting in an annualized dividend yield of 6.1%, with a payout ratio of 55.81%.

Petrus Trust Company LTA grew its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 118.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,365 shares of the energy company's stock after acquiring an additional 50,095 shares during the quarter. Petrus Trust Company LTA owned 0.11% of SunCoke Energy worth $850,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. State of Wyoming increased its stake in shares of SunCoke Energy by 5.0% in the fourth quarter. State of Wyoming now owns 30,608 shares of the energy company's stock worth $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% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,680 shares of the energy company's stock worth $510,000 after buying an additional 1,664 shares during the period. Versant Capital Management Inc increased its stake in shares of SunCoke Energy by 61.6% in the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock worth $41,000 after buying an additional 1,683 shares during the period. Quarry LP increased its stake in shares of SunCoke Energy by 16.5% in the first quarter. Quarry LP now owns 13,611 shares of the energy company's stock worth $125,000 after buying an additional 1,923 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of SunCoke Energy by 14.2% in the fourth quarter. Quantinno Capital Management LP now owns 23,798 shares of the energy company's stock worth $255,000 after buying an additional 2,968 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Trading Down 0.0%

Shares of NYSE SXC traded down $0.00 during mid-day trading on Tuesday, hitting $7.69. The stock had a trading volume of 41,354 shares, compared to its average volume of 964,556. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. SunCoke Energy, Inc. has a 1 year low of $7.18 and a 1 year high of $12.82. The business has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $8.53. The firm has a market cap of $651.03 million, a P/E ratio of 8.96 and a beta of 1.07.

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 firm had revenue of $434.10 million during the quarter, compared to analysts' expectations of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, equities analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 of this dividend was Friday, August 15th. SunCoke Energy's payout ratio is presently 55.81%.

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.