Strs Ohio Takes Position in SunCoke Energy, Inc. $SXC

Key Points

• Strs Ohio acquired a new stake of 46,600 shares in SunCoke Energy, valued at approximately $429,000, representing about 0.06% ownership in the company.
• SunCoke Energy reported a quarterly earnings miss with $0.02 earnings per share, falling short of analyst estimates of $0.15, and noted a revenue decline of 7.8% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.12 per share, yielding 6.1%, with a payout ratio of 55.81% as of its recent dividend declaration.

Strs Ohio purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 46,600 shares of the energy company's stock, valued at approximately $429,000. Strs Ohio owned about 0.06% of SunCoke Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its position 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 valued at $41,000 after purchasing an additional 1,683 shares during the last quarter. CWM LLC grew its position in shares of SunCoke Energy by 159.9% in the first quarter. CWM LLC now owns 5,522 shares of the energy company's stock valued at $51,000 after purchasing an additional 3,397 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of SunCoke Energy in the first quarter valued at about $93,000. Aigen Investment Management LP acquired a new stake in SunCoke Energy during the first quarter worth about $98,000. Finally, EP Wealth Advisors LLC acquired a new stake in SunCoke Energy during the first quarter worth about $102,000. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Stock Down 0.9%

SXC stock opened at $7.85 on Tuesday. SunCoke Energy, Inc. has a twelve month low of $7.18 and a twelve month high of $12.82. The company has a market cap of $664.66 million, a PE ratio of 9.13 and a beta of 1.07. The business's 50-day simple moving average is $7.83 and its 200 day simple moving average is $8.44. 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 (NYSE:SXC - Get Free Report) last released 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). SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm had revenue of $434.10 million for the quarter, compared to analyst estimates of $348.05 million. During the same period last year, the business earned $0.25 earnings per share. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. On average, research analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 6.1%. SunCoke Energy's dividend payout ratio (DPR) is 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.

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