SunCoke Energy, Inc. (NYSE:SXC) Short Interest Update

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 3,150,000 shares, a decline of 13.5% from the April 30th total of 3,640,000 shares. Currently, 3.8% of the company's shares are short sold. Based on an average trading volume of 849,500 shares, the short-interest ratio is presently 3.7 days.

SunCoke Energy Trading Up 0.1%

Shares of SunCoke Energy stock traded up $0.01 during trading on Wednesday, hitting $8.24. The stock had a trading volume of 878,279 shares, compared to its average volume of 925,844. The stock has a market cap of $697.52 million, a PE ratio of 7.36 and a beta of 1.18. SunCoke Energy has a 12 month low of $7.47 and a 12 month high of $12.82. The firm's fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Wednesday, April 30th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. The firm had revenue of $436.00 million for the quarter, compared to analysts' expectations of $371.60 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company's quarterly revenue was down 10.7% on a year-over-year basis. As a group, sell-side analysts expect that SunCoke Energy will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.83%. SunCoke Energy's payout ratio is 44.04%.

Institutional Trading of SunCoke Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in SunCoke Energy during the 4th quarter valued at about $11,841,000. LSV Asset Management increased its position in shares of SunCoke Energy by 35.1% during the first quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock worth $27,548,000 after acquiring an additional 777,807 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of SunCoke Energy by 73.2% during 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 acquiring an additional 619,532 shares during the period. Jane Street Group LLC raised its stake in shares of SunCoke Energy by 67.1% during the fourth quarter. Jane Street Group LLC now owns 1,111,217 shares of the energy company's stock valued at $11,890,000 after acquiring an additional 446,163 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SunCoke Energy in the fourth quarter valued at approximately $4,401,000. 90.45% of the stock is currently owned by institutional investors.

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.

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