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

SunCoke Energy, Inc. (NYSE:SXC)’s stock price was down 3% during trading on Monday . The company traded as low as $9.05 and last traded at $9.09. Approximately 484,750 shares were traded during trading, a decline of 39% from the average daily volume of 794,548 shares. The stock had previously closed at $9.37.

SunCoke Energy Stock Performance

The stock has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $9.96. The stock has a market cap of $763.81 million, a P/E ratio of 8.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 5.30%. SunCoke Energy’s payout ratio is currently 42.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SXC. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 purchasing an additional 3,242 shares in the last quarter. GAMMA Investing LLC raised its position in SunCoke Energy by 71.3% during the fourth 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 stake in SunCoke Energy in the fourth quarter valued at $57,000. KBC Group NV grew its position in shares of SunCoke Energy by 61.1% in the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after acquiring an additional 2,307 shares during the period. 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.