Renaissance Technologies LLC Sells 88,200 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Renaissance Technologies LLC lessened its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,456,768 shares of the energy company’s stock after selling 88,200 shares during the period. Renaissance Technologies LLC owned approximately 2.92% of SunCoke Energy worth $24,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SXC. Dimensional Fund Advisors LP increased its holdings in shares of SunCoke Energy by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,347,707 shares of the energy company’s stock worth $68,176,000 after buying an additional 133,910 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of SunCoke Energy by 130.5% in the 1st quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock worth $1,294,000 after buying an additional 64,978 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock worth $77,124,000 after buying an additional 77,649 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of SunCoke Energy by 45.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock worth $605,000 after buying an additional 16,869 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of SunCoke Energy in the 4th quarter worth $554,000. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

SXC stock opened at $8.24 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $11.85. The firm’s fifty day moving average is $9.30 and its 200 day moving average is $10.03. The firm has a market cap of $692.90 million, a P/E ratio of 11.61 and a beta of 1.04.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $410.35 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. Research analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.48 annualized dividend and a yield of 5.83%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. SunCoke Energy’s dividend payout ratio is presently 67.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th.

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.