SunCoke Energy (NYSE:SXC) Stock Price Down 4.2% - Here's What Happened

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) shares fell 4.2% on Thursday . The company traded as low as $9.42 and last traded at $9.55. 83,638 shares traded hands during trading, a decline of 90% from the average session volume of 806,154 shares. The stock had previously closed at $9.96.

Analysts Set New Price Targets

A number of brokerages have commented on SXC. StockNews.com upgraded shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy Price Performance

The firm has a fifty day moving average of $11.01 and a two-hundred day moving average of $10.03. The stock has a market capitalization of $789.18 million, a P/E ratio of 9.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. On average, analysts predict that SunCoke Energy, Inc. will post 1.14 EPS for the current 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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Friday, February 14th. SunCoke Energy's dividend payout ratio is currently 48.00%.

Institutional Trading of SunCoke Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew 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 purchasing an additional 1,730 shares during the last quarter. nVerses Capital LLC raised its stake in shares of SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after purchasing an additional 4,400 shares during the last quarter. KBC Group NV boosted its position in SunCoke Energy by 61.1% in the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company's stock valued at $65,000 after buying an additional 2,307 shares during the last quarter. Optas LLC acquired a new stake in shares of SunCoke Energy in the third quarter worth $88,000. Finally, Algert Global LLC purchased a new position in shares of SunCoke Energy during the 2nd quarter valued at about $107,000. Hedge funds and other 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.