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

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

SunCoke Energy Trading Down 1.3 %

Shares of SunCoke Energy stock opened at $8.95 on Tuesday. SunCoke Energy has a 1 year low of $7.47 and a 1 year high of $12.82. The firm has a market cap of $754.95 million, a PE ratio of 7.99 and a beta of 1.06. The stock has a fifty day moving average price of $9.98 and a 200-day moving average price of $9.94. 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) last announced its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (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%. Equities research analysts anticipate that SunCoke Energy will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.36%. The ex-dividend date was Friday, February 14th. SunCoke Energy’s dividend payout ratio (DPR) is currently 42.86%.

Institutional Investors Weigh In On SunCoke Energy

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 worth $74,825,000 after acquiring an additional 19,644 shares during the last quarter. State Street Corp increased its holdings in SunCoke Energy by 3.5% in the 3rd quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock worth $42,084,000 after acquiring an additional 163,839 shares during the last quarter. American Century Companies Inc. increased its holdings in SunCoke Energy by 11.0% in the 4th quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company’s stock worth $32,985,000 after acquiring an additional 306,356 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in SunCoke Energy in the 4th quarter worth about $27,164,000. Finally, LSV Asset Management grew its holdings in SunCoke Energy by 9.8% during the 4th quarter. LSV Asset Management now owns 2,216,505 shares of the energy company’s stock valued at $23,717,000 after buying an additional 196,939 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th.

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.