Virtus Investment Advisers Inc. Makes New Investment in SunCoke Energy, Inc. (NYSE:SXC)

Virtus Investment Advisers Inc. acquired a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 49,700 shares of the energy company's stock, valued at approximately $532,000. Virtus Investment Advisers Inc. owned about 0.06% of SunCoke Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SXC. Pacer Advisors Inc. bought a new stake in SunCoke Energy in the fourth quarter worth $27,164,000. Norges Bank bought a new stake in SunCoke Energy in the fourth quarter worth $11,841,000. D. E. Shaw & Co. Inc. increased its position in 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 worth $15,683,000 after purchasing an additional 619,532 shares during the last quarter. Jane Street Group LLC increased its position in SunCoke Energy by 67.1% in the fourth quarter. Jane Street Group LLC now owns 1,111,217 shares of the energy company's stock worth $11,890,000 after purchasing an additional 446,163 shares during the last quarter. Finally, American Century Companies Inc. increased its position in SunCoke Energy by 11.0% in the fourth quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company's stock worth $32,985,000 after purchasing an additional 306,356 shares during the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Price Performance

SXC traded up $0.04 during trading hours on Friday, hitting $8.40. The company's stock had a trading volume of 563,013 shares, compared to its average volume of 910,818. The business's 50-day moving average price is $9.01 and its 200-day moving average price is $10.09. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82. The stock has a market cap of $711.07 million, a price-to-earnings ratio of 7.50 and a beta of 1.18. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share 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 analysts' expectations of $371.60 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. SunCoke Energy's quarterly revenue was down 10.7% on a year-over-year basis. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.71%. The ex-dividend date is Friday, May 16th. SunCoke Energy's payout ratio is 44.04%.

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.