Mackenzie Financial Corp Boosts Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

Mackenzie Financial Corp increased its position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 147.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,625 shares of the energy company's stock after buying an additional 32,580 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of SunCoke Energy worth $584,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in SunCoke Energy by 835.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock worth $38,000 after buying an additional 3,242 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of SunCoke Energy in the 4th quarter valued at $57,000. KBC Group NV boosted its position in shares of SunCoke Energy by 61.1% in the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company's stock valued at $65,000 after purchasing an additional 2,307 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of SunCoke Energy during the fourth quarter worth about $118,000. Finally, Navellier & Associates Inc. raised its stake in shares of SunCoke Energy by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company's stock worth $121,000 after purchasing an additional 1,152 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.

SunCoke Energy Stock Performance

Shares of NYSE:SXC traded down $0.12 during midday trading on Thursday, hitting $8.13. The stock had a trading volume of 436,129 shares, compared to its average volume of 924,031. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $687.79 million, a PE ratio of 7.26 and a beta of 1.18. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82. The stock has a 50 day moving average price of $8.85 and a two-hundred day moving average price of $9.86.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The energy company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. The company had revenue of $436.00 million for the quarter, compared to analyst estimates of $371.60 million. During the same period in the previous year, the firm earned $0.23 EPS. The business's revenue was down 10.7% on a year-over-year basis. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Friday, May 16th. SunCoke Energy's dividend payout ratio (DPR) is 44.04%.

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.