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

Point72 Asia Singapore Pte. Ltd. decreased its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 77.4% during the second quarter, Holdings Channel reports. 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 filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in SunCoke Energy during the 2nd quarter valued at $70,000. Retirement Investment Advisors Inc. bought a new position in SunCoke Energy in the second quarter valued at about $110,000. Beacon Bridge Wealth Partners LLC purchased a new position in SunCoke Energy in the second quarter worth about $111,000. Cornerstone Investment Partners LLC bought a new stake in shares of SunCoke Energy during the 1st quarter valued at about $174,000. Finally, ProShare Advisors LLC increased its position in shares of SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after purchasing an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Trading Up 0.1 %

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

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $470.90 million for 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%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. Sell-side analysts forecast that SunCoke Energy, Inc. will post 0.94 EPS 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 issued 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 5.52%. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10. SunCoke Energy’s payout ratio is currently 67.61%.

Analyst Ratings Changes

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

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.