SunCoke Energy, Inc. $SXC Position Trimmed by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in SunCoke Energy, Inc. by 16.8%, owning approximately 0.62% of the company, valued at $4.81 million after selling 105,907 shares.
• SunCoke Energy's latest earnings report showed a net revenue of $434.10 million but earnings per share missed analysts' estimates, causing revenue to decline 7.8% year-over-year.
• The company declared a quarterly dividend of $0.12 per share, representing a 6.2% dividend yield, with record shareholders set for payment on September 2nd.

Trexquant Investment LP lowered its holdings in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 16.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 522,736 shares of the energy company's stock after selling 105,907 shares during the period. Trexquant Investment LP owned 0.62% of SunCoke Energy worth $4,809,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SXC. State of Wyoming grew its stake in shares of SunCoke Energy by 5.0% in the fourth quarter. State of Wyoming now owns 30,608 shares of the energy company's stock valued at $328,000 after buying an additional 1,452 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in SunCoke Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,680 shares of the energy company's stock worth $510,000 after buying an additional 1,664 shares during the last quarter. Versant Capital Management Inc lifted its holdings in SunCoke Energy by 61.6% during the 1st quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock worth $41,000 after buying an additional 1,683 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in SunCoke Energy by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 50,455 shares of the energy company's stock worth $540,000 after buying an additional 2,767 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in SunCoke Energy by 14.2% during the 4th quarter. Quantinno Capital Management LP now owns 23,798 shares of the energy company's stock worth $255,000 after buying an additional 2,968 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock traded up $0.04 on Thursday, reaching $7.60. 808,260 shares of the company were exchanged, compared to its average volume of 972,204. 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 company's 50-day moving average is $8.02 and its two-hundred day moving average is $8.57. The firm has a market cap of $643.07 million, a price-to-earnings ratio of 8.83 and a beta of 1.07. SunCoke Energy, Inc. has a 1-year low of $7.18 and a 1-year high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly 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 company had revenue of $434.10 million for the quarter, compared to analyst estimates of $348.05 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm's revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, research analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 6.3%. 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.