Point72 Asia Singapore Pte. Ltd. Sells 9,240 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Point72 Asia Singapore Pte. Ltd. cut its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 77.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,695 shares of the energy company’s stock after selling 9,240 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in SunCoke Energy were worth $26,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SXC. Bank of Montreal Can grew its holdings in SunCoke Energy by 111.3% in the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock worth $1,729,000 after purchasing an additional 92,827 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of SunCoke Energy by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 184,991 shares of the energy company’s stock valued at $1,813,000 after purchasing an additional 11,184 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of SunCoke Energy by 3.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock worth $46,141,000 after purchasing an additional 139,971 shares in the last quarter. Retirement Investment Advisors Inc. purchased a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $110,000. Finally, Intech Investment Management LLC purchased a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $193,000. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $8.69 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The company has a market capitalization of $730.74 million, a price-to-earnings ratio of 12.24 and a beta of 1.04. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $11.85. The company’s 50-day moving average is $8.92 and its 200 day moving average is $9.89.

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. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The company had revenue of $470.90 million during the quarter, compared to the consensus estimate of $410.35 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. Sell-side analysts expect that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.52%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. SunCoke Energy’s payout ratio is currently 67.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a report on Friday, September 27th.

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.