Trexquant Investment LP raised its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 77.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 628,643 shares of the energy company's stock after buying an additional 273,505 shares during the period. Trexquant Investment LP owned about 0.75% of SunCoke Energy worth $6,726,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in SunCoke Energy by 835.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock valued at $38,000 after purchasing an additional 3,242 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SunCoke Energy by 71.3% in the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company's stock valued at $44,000 after buying an additional 1,730 shares in the last quarter. KBC Group NV increased its holdings in SunCoke Energy by 61.1% in the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company's stock worth $65,000 after buying an additional 2,307 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in SunCoke Energy during the fourth quarter valued at approximately $118,000. Finally, Navellier & Associates Inc. lifted its stake in SunCoke Energy by 11.3% in the fourth quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company's stock valued at $121,000 after acquiring an additional 1,152 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.
SunCoke Energy Stock Up 5.4 %
Shares of SXC traded up $0.45 during mid-day trading on Wednesday, hitting $8.84. 1,503,117 shares of the company's stock were exchanged, compared to its average volume of 893,202. The stock has a market cap of $745.67 million, a price-to-earnings ratio of 7.89 and a beta of 0.90. The firm has a fifty day moving average of $9.23 and a two-hundred day moving average of $10.05. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82.
SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. On average, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.
SunCoke Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Friday, February 14th. SunCoke Energy's payout ratio is 42.86%.
About SunCoke Energy
(
Free Report)
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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