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

Virtus Investment Advisers Inc. purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 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 quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC increased its stake in SunCoke Energy by 329.6% in the 4th quarter. Squarepoint Ops LLC now owns 61,229 shares of the energy company's stock valued at $655,000 after buying an additional 46,975 shares during the last quarter. State of Wyoming increased its stake in 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 buying an additional 1,452 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of SunCoke Energy by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 25,255 shares of the energy company's stock worth $270,000 after purchasing an additional 7,770 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of 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 purchasing an additional 2,968 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in shares of SunCoke Energy during the 4th quarter worth about $740,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock traded down $0.05 during trading on Wednesday, hitting $8.67. 579,960 shares of the stock were exchanged, compared to its average volume of 911,630. The stock has a market capitalization of $733.50 million, a price-to-earnings ratio of 7.74 and a beta of 1.18. The company has a fifty day moving average price of $9.04 and a 200-day moving average price of $10.12. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. 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 released its quarterly earnings data 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. The company had revenue of $436.00 million for the quarter, compared to analyst estimates of $371.60 million. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. SunCoke Energy's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS 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. Stockholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. SunCoke Energy's dividend payout ratio is presently 44.04%.

SunCoke Energy Company 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.