SunCoke Energy (NYSE:SXC) Trading 6.8% Higher - Here's What Happened

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) shares were up 6.8% on Monday . The stock traded as high as $10.53 and last traded at $10.49. Approximately 627,501 shares traded hands during trading, a decline of 25% from the average daily volume of 837,148 shares. The stock had previously closed at $9.82.

Analyst Ratings Changes

Separately, StockNews.com raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

SunCoke Energy Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 2.22. The stock's 50-day moving average is $8.51 and its 200 day moving average is $9.50. The stock has a market capitalization of $882.10 million, a PE ratio of 10.51 and a beta of 1.02.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.14. The firm had revenue of $490.10 million during the quarter, compared to analysts' expectations of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. SunCoke Energy's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities analysts expect that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, November 14th. SunCoke Energy's dividend payout ratio (DPR) is presently 48.00%.

Institutional Trading of SunCoke Energy

Hedge funds have recently made changes to their positions in the company. 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 valued at $77,124,000 after purchasing an additional 77,649 shares in the last quarter. Pacer Advisors Inc. lifted its position in SunCoke Energy by 3.1% during the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company's stock valued at $46,141,000 after buying an additional 139,971 shares in the last quarter. American Century Companies Inc. lifted its position in SunCoke Energy by 13.2% during the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company's stock valued at $24,620,000 after buying an additional 292,050 shares in the last quarter. LSV Asset Management lifted its position in SunCoke Energy by 2.4% during the first quarter. LSV Asset Management now owns 2,099,317 shares of the energy company's stock valued at $23,659,000 after buying an additional 49,800 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in SunCoke Energy by 2.1% during the first quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company's stock valued at $16,676,000 after buying an additional 30,790 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.

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.