SunCoke Energy (NYSE:SXC) Stock Price Down 11.2%

SunCoke Energy, Inc. (NYSE:SXC)’s share price dropped 11.2% during mid-day trading on Thursday . The stock traded as low as $10.36 and last traded at $10.39. Approximately 637,357 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 712,849 shares. The stock had previously closed at $11.70.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SXC shares. Benchmark reaffirmed a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a report on Thursday, May 2nd. StockNews.com lowered shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th.

SunCoke Energy Stock Performance

The company has a market capitalization of $825.76 million, a P/E ratio of 13.83 and a beta of 1.09. The business has a 50-day moving average of $10.19 and a 200-day moving average of $10.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.16.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $470.90 million during the quarter, compared to the consensus estimate of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. SunCoke Energy’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. On average, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.9 EPS for the current year.

SunCoke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.89%. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is 56.34%.

Insider Transactions at SunCoke Energy

In other news, CTO John F. Quanci sold 4,532 shares of SunCoke Energy stock in a transaction on Friday, May 24th. The stock was sold at an average price of $10.67, for a total transaction of $48,356.44. Following the completion of the sale, the chief technology officer now directly owns 19,922 shares in the company, valued at $212,567.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.73% of the company’s stock.

Institutional Trading of SunCoke Energy

Several institutional investors and hedge funds have recently made changes to their positions in SXC. Jacobs Levy Equity Management Inc. increased its stake in shares of SunCoke Energy by 84.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 724,886 shares of the energy company’s stock valued at $8,169,000 after buying an additional 332,197 shares during the period. LSV Asset Management increased its stake in shares of SunCoke Energy by 15.4% during the fourth quarter. LSV Asset Management now owns 2,049,517 shares of the energy company’s stock valued at $22,012,000 after buying an additional 272,759 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of SunCoke Energy by 49.4% during the first quarter. Assenagon Asset Management S.A. now owns 783,778 shares of the energy company’s stock valued at $8,833,000 after buying an additional 259,152 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of SunCoke Energy by 50.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 453,087 shares of the energy company’s stock valued at $5,106,000 after buying an additional 152,002 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of SunCoke Energy by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,347,707 shares of the energy company’s stock valued at $68,176,000 after buying an additional 133,910 shares during the period. 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.