SunCoke Energy, Inc. $SXC Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC raised its stake in SunCoke Energy by 54.8% during Q1, owning 306,961 shares valued at approximately $2.82 million.
• SunCoke Energy reported a net margin of 3.99% with a quarterly revenue of $434.1 million, surpassing estimates of $348.05 million.
• The company declared a quarterly dividend of $0.12 per share, reflecting a 6.3% annual dividend yield, with a payout ratio of 55.81%.

Brandywine Global Investment Management LLC raised its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 54.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,961 shares of the energy company's stock after purchasing an additional 108,700 shares during the period. Brandywine Global Investment Management LLC owned 0.36% of SunCoke Energy worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Walleye Capital LLC increased its position in shares of SunCoke Energy by 8.4% in the 4th quarter. Walleye Capital LLC now owns 17,268 shares of the energy company's stock valued at $185,000 after purchasing an additional 1,332 shares during the last quarter. State of Wyoming increased its position in shares of SunCoke Energy by 5.0% in the 4th quarter. State of Wyoming now owns 30,608 shares of the energy company's stock valued at $328,000 after purchasing an additional 1,452 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SunCoke Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,680 shares of the energy company's stock valued at $510,000 after purchasing an additional 1,664 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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 buying an additional 1,683 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of SunCoke Energy by 3.0% in the 4th quarter. Bank of Montreal Can now owns 58,050 shares of the energy company's stock valued at $621,000 after buying an additional 1,709 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Up 1.6%

Shares of SunCoke Energy stock traded up $0.1180 during trading hours on Friday, hitting $7.5680. The company had a trading volume of 1,390,615 shares, compared to its average volume of 1,262,525. The company's 50-day moving average is $8.11 and its two-hundred day moving average is $8.68. SunCoke Energy, Inc. has a twelve month low of $7.18 and a twelve month high of $12.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The company has a market cap of $640.78 million, a P/E ratio of 8.80 and a beta of 1.10.

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

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 annualized dividend and a dividend yield of 6.3%. SunCoke Energy's dividend payout ratio 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.