SunCoke Energy, Inc. $SXC Shares Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in SunCoke Energy, Inc. by 58.4%, owning approximately 1.02% of the company valued at nearly $7.9 million as of the latest SEC filing.
• SunCoke Energy reported earnings of $0.02 per share, falling short of the expected $0.15, alongside a revenue of $434.1 million for the quarter, which was above estimates but down 7.8% year-over-year.
• The company declared a quarterly dividend of $0.12, resulting in an annualized dividend of $0.48 and a yield of 6.3%, with a dividend payout ratio of 55.81%.

Cubist Systematic Strategies LLC boosted its stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 58.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 860,970 shares of the energy company's stock after acquiring an additional 317,502 shares during the period. Cubist Systematic Strategies LLC owned about 1.02% of SunCoke Energy worth $7,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in SunCoke Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock valued at $65,957,000 after acquiring an additional 176,220 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of SunCoke Energy by 10.0% in the first quarter. American Century Companies Inc. now owns 3,390,806 shares of the energy company's stock valued at $31,195,000 after buying an additional 308,115 shares during the last quarter. LSV Asset Management raised its holdings 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 valued at $27,548,000 after buying an additional 777,807 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings 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 valued at $16,197,000 after buying an additional 23,633 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings 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 valued at $15,683,000 after buying an additional 619,532 shares during the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

Shares of NYSE:SXC traded down $0.16 on Monday, reaching $7.73. The company's stock had a trading volume of 146,395 shares, compared to its average volume of 966,512. The stock's 50-day moving average is $8.01 and its two-hundred day moving average is $8.54. SunCoke Energy, Inc. has a 52-week low of $7.18 and a 52-week 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 stock has a market capitalization of $654.08 million, a P/E ratio of 8.98 and a beta of 1.07.

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

SunCoke Energy Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, August 15th. 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.