BNP Paribas Financial Markets Raises Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

BNP Paribas Financial Markets lifted its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 14.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 147,907 shares of the energy company’s stock after acquiring an additional 18,853 shares during the period. BNP Paribas Financial Markets’ holdings in SunCoke Energy were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of SunCoke Energy by 835.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company’s stock valued at $38,000 after acquiring an additional 3,242 shares during the last quarter. KBC Group NV increased its position in shares of SunCoke Energy by 61.1% during the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after acquiring an additional 2,307 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $118,000. Navellier & Associates Inc. increased its position in shares of SunCoke Energy by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock valued at $121,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $125,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

NYSE:SXC opened at $8.77 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The business has a fifty day simple moving average of $9.07 and a two-hundred day simple moving average of $10.15. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82. The company has a market capitalization of $741.97 million, a P/E ratio of 7.83 and a beta of 1.18.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $371.60 million. During the same period last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, analysts expect that SunCoke Energy, Inc. will post 0.71 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, June 2nd. Shareholders of record on Friday, May 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Friday, May 16th. SunCoke Energy’s dividend payout ratio is currently 44.04%.

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.