SunCoke Energy (NYSE:SXC) Stock Price Down 3% – Here’s What Happened

Shares of SunCoke Energy, Inc. (NYSE:SXC) dropped 3% during mid-day trading on Monday . The stock traded as low as $9.05 and last traded at $9.09. Approximately 484,750 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 794,548 shares. The stock had previously closed at $9.37.

SunCoke Energy Price Performance

The company has a fifty day moving average of $9.62 and a 200-day moving average of $9.96. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a market cap of $782.79 million, a PE ratio of 8.29 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, topping 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%. Sell-side analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 5.17%. SunCoke Energy’s dividend payout ratio (DPR) is 42.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SXC. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SunCoke Energy by 835.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company’s stock worth $38,000 after acquiring an additional 3,242 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of SunCoke Energy by 71.3% during the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,730 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of SunCoke Energy during the 4th quarter worth about $57,000. KBC Group NV boosted its position in shares of SunCoke Energy by 61.1% during the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock worth $65,000 after acquiring an additional 2,307 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of SunCoke Energy during the 4th quarter worth about $118,000. 90.45% of the stock is owned by institutional investors and hedge funds.

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.