Short Interest in SunCoke Energy, Inc. (NYSE:SXC) Decreases By 52.1%

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 2,680,000 shares, a drop of 52.1% from the September 15th total of 5,590,000 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is currently 2.4 days.

SunCoke Energy Stock Up 1.6 %

Shares of SXC traded up $0.14 during midday trading on Friday, hitting $8.67. The stock had a trading volume of 371,734 shares, compared to its average volume of 848,808. The company has a 50 day simple moving average of $8.51 and a two-hundred day simple moving average of $9.75. SunCoke Energy has a twelve month low of $7.47 and a twelve month high of $11.85. The firm has a market cap of $729.06 million, a price-to-earnings ratio of 12.04 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.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. The company had revenue of $470.90 million during the quarter, compared to analysts' expectations 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 was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, analysts anticipate that SunCoke Energy will post 0.94 EPS for the current year.

SunCoke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.54%. This is an increase from SunCoke Energy's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. SunCoke Energy's dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SunCoke Energy from a "hold" rating to a "buy" rating in a report on Saturday, October 5th.

Institutional Trading of SunCoke Energy

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its stake in shares of SunCoke Energy by 30.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 146,876 shares of the energy company's stock worth $1,655,000 after purchasing an additional 34,622 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 purchasing an additional 16,869 shares during the period. Cornerstone Investment Partners LLC purchased a new position in shares of SunCoke Energy in the first quarter valued at about $174,000. Vest Financial LLC bought a new position in SunCoke Energy during the 1st quarter valued at approximately $872,000. Finally, BNP Paribas Financial Markets raised its holdings in 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 purchasing an additional 64,978 shares in the last quarter. Institutional investors own 90.45% of the company's stock.

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.

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