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 lifted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 58.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 860,970 shares of the energy company's stock after purchasing an additional 317,502 shares during the period. Cubist Systematic Strategies LLC owned 1.02% of SunCoke Energy worth $7,921,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of SunCoke Energy by 61.6% during 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 during the period. Virtus Fund Advisers LLC acquired a new position in SunCoke Energy during the fourth quarter worth $57,000. CWM LLC lifted its stake in SunCoke Energy by 159.9% during the first quarter. CWM LLC now owns 5,522 shares of the energy company's stock worth $51,000 after purchasing an additional 3,397 shares in the last quarter. Cresset Asset Management LLC acquired a new position in SunCoke Energy during the first quarter worth $93,000. Finally, Aigen Investment Management LP acquired a new position in SunCoke Energy during the first quarter worth $98,000. Hedge funds and other institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Up 3.5%

Shares of SunCoke Energy stock traded up $0.27 during trading hours on Friday, reaching $7.88. 875,693 shares of the company were exchanged, compared to its average volume of 1,080,967. SunCoke Energy, Inc. has a 1 year low of $7.18 and a 1 year high of $12.82. The stock's fifty day moving average is $8.01 and its 200 day moving average is $8.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. The firm has a market cap of $666.78 million, a PE ratio of 9.16 and a beta of 1.07.

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 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 company had revenue of $434.10 million for the quarter, compared to analysts' expectations of $348.05 million. During the same period in the prior year, the company posted $0.25 EPS. The firm's revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.1%. SunCoke Energy's 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.