Short Interest in SunCoke Energy, Inc. (NYSE:SXC) Drops By 22.2%

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 3,320,000 shares, a decline of 22.2% from the January 31st total of 4,270,000 shares. Based on an average daily trading volume, of 987,400 shares, the short-interest ratio is currently 3.4 days.

Hedge Funds Weigh In On SunCoke Energy

Several hedge funds and other institutional investors have recently modified their holdings of SXC. Vanguard Group Inc. lifted its position in SunCoke Energy by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,993,020 shares of the energy company's stock valued at $74,825,000 after purchasing an additional 19,644 shares during the last quarter. State Street Corp increased its stake in shares of SunCoke Energy by 3.5% in the third quarter. State Street Corp now owns 4,848,334 shares of the energy company's stock valued at $42,084,000 after purchasing an additional 163,839 shares during the period. American Century Companies Inc. raised its holdings in shares of SunCoke Energy by 11.0% during the fourth quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company's stock valued at $32,985,000 after buying an additional 306,356 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $27,164,000. Finally, LSV Asset Management boosted its position in shares of SunCoke Energy by 9.8% during the fourth quarter. LSV Asset Management now owns 2,216,505 shares of the energy company's stock worth $23,717,000 after buying an additional 196,939 shares during the period. Institutional investors and hedge funds own 90.45% of the company's stock.

Remove Ads

SunCoke Energy Stock Performance

SXC traded up $0.07 on Friday, hitting $9.06. 881,014 shares of the company's stock were exchanged, compared to its average volume of 846,127. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average of $9.84 and a two-hundred day moving average of $9.93. SunCoke Energy has a twelve month low of $7.47 and a twelve month high of $12.82. The firm has a market cap of $763.81 million, a PE ratio of 8.08 and a beta of 1.06.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Thursday, January 30th. The energy company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. On average, research analysts anticipate that SunCoke Energy will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, February 14th. SunCoke Energy's payout ratio is 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.