SunCoke Energy Target of Unusually Large Options Trading (NYSE:SXC)

Key Points

• Unusual Trading Activity: SunCoke Energy saw a significant increase in options trading, with 4,097 call options bought, marking a 1,406% increase compared to average volume.
• Strong Institutional Interest: Hedge funds have increased their positions in SunCoke Energy substantially, with EverSource Wealth Advisors raising theirs by 544.8%.
• Recent Earnings Report: The company reported a loss of $0.02 EPS, missing estimates of $0.15, despite revenues of $434.10 million exceeding expectations.

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) saw unusually large options trading on Wednesday. Stock investors bought 4,097 call options on the stock. This is an increase of approximately 1,406% compared to the typical volume of 272 call options.

Institutional Investors Weigh In On SunCoke Energy

A number of hedge funds have recently made changes to their positions in SXC. EverSource Wealth Advisors LLC lifted its position in shares of SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company's stock worth $26,000 after buying an additional 2,528 shares in the last quarter. Allworth Financial LP lifted its position in shares of SunCoke Energy by 80.6% in the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company's stock worth $31,000 after buying an additional 1,620 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of SunCoke Energy by 61.6% in the first 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 in the last quarter. GAMMA Investing LLC raised its position in SunCoke Energy by 41.8% during the second quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company's stock valued at $46,000 after purchasing an additional 1,571 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company's stock valued at $48,000 after purchasing an additional 3,582 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

NYSE:SXC traded up $0.20 during mid-day trading on Wednesday, hitting $8.36. 186,608 shares of the company traded hands, compared to its average volume of 951,785. The stock's fifty day moving average price is $7.78 and its 200-day moving average price is $8.40. SunCoke Energy has a one year low of $7.18 and a one year high of $12.82. The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70. The firm has a market cap of $707.38 million, a price-to-earnings ratio of 9.72 and a beta of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last released 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). The business had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The business's revenue was down 7.8% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. Research analysts anticipate that SunCoke Energy will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.7%. SunCoke Energy's dividend payout ratio 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.

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