Russell Investments Group Ltd. Has $994,000 Position in SunCoke Energy, Inc. $SXC

Key Points

• Russell Investments Group Ltd. increased its stake in SunCoke Energy by 128.0% in the 1st quarter, acquiring an additional 60,655 shares, bringing its total ownership to 108,046 shares valued at $994,000.
• SunCoke Energy reported a decrease in quarterly earnings with $0.02 EPS, missing estimates, despite achieving revenues of $434.10 million, which surpassed the consensus estimate of $348.05 million.
• The company declared a quarterly dividend of $0.12 per share, resulting in an annualized yield of 6.3%, with a payout ratio of 55.81%.

Russell Investments Group Ltd. lifted its position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 128.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,046 shares of the energy company's stock after purchasing an additional 60,655 shares during the period. Russell Investments Group Ltd. owned about 0.13% of SunCoke Energy worth $994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of SunCoke Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock worth $65,957,000 after buying an additional 176,220 shares during the last quarter. LSV Asset Management increased its stake in shares of SunCoke Energy by 35.1% in the first quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock worth $27,548,000 after buying an additional 777,807 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of SunCoke Energy by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,513,768 shares of the energy company's stock worth $16,197,000 after buying an additional 23,633 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of SunCoke Energy by 73.2% in 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 buying an additional 619,532 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of SunCoke Energy by 11.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,154,699 shares of the energy company's stock worth $10,623,000 after buying an additional 114,609 shares during the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Performance

SXC stock traded up $0.14 during trading on Monday, hitting $7.73. 704,994 shares of the company's stock traded hands, compared to its average volume of 1,157,556. The stock has a fifty day moving average price of $8.04 and a two-hundred day moving average price of $8.60. The stock has a market capitalization of $654.08 million, a price-to-earnings ratio of 8.98 and a beta of 1.07. 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 52 week low of $7.18 and a 52 week high of $12.82.

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

SunCoke Energy Announces Dividend

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