SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,813 shares of the energy company’s stock after selling 4,829 shares during the period. Rhumbline Advisers owned about 0.30% of SunCoke Energy worth $2,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in 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 buying an additional 1,730 shares during the last quarter. Victory Capital Management Inc. raised its position in SunCoke Energy by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company’s stock worth $950,000 after buying an additional 2,054 shares during the last quarter. KBC Group NV raised its position in 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 buying an additional 2,307 shares during the last quarter. Van ECK Associates Corp raised its position in SunCoke Energy by 3.7% during the 4th quarter. Van ECK Associates Corp now owns 83,393 shares of the energy company’s stock worth $892,000 after buying an additional 2,945 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in SunCoke Energy by 19.5% during the 4th quarter. Ballentine Partners LLC now owns 19,041 shares of the energy company’s stock worth $204,000 after buying an additional 3,102 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $9.06 on Monday. The stock has a market cap of $763.81 million, a price-to-earnings ratio of 8.08 and a beta of 1.06. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82. The company’s 50-day moving average price is $9.98 and its 200 day moving average price is $9.94. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

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

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.