Gallacher Capital Management LLC Cuts Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Gallacher Capital Management LLC cut its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,046 shares of the energy company’s stock after selling 1,491 shares during the quarter. Gallacher Capital Management LLC’s holdings in SunCoke Energy were worth $107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in SunCoke Energy in the fourth quarter valued at $27,164,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of SunCoke Energy in the 3rd quarter valued at about $5,470,000. Jane Street Group LLC lifted its stake in shares of SunCoke Energy by 450.3% in the third quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock valued at $5,773,000 after purchasing an additional 544,194 shares during the period. Weiss Asset Management LP purchased a new stake in SunCoke Energy during the third quarter worth about $1,926,000. Finally, JPMorgan Chase & Co. grew its position in SunCoke Energy by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock worth $7,396,000 after buying an additional 191,235 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Trading Up 2.3 %

Shares of SunCoke Energy stock opened at $9.38 on Monday. The company has a 50-day moving average of $9.67 and a two-hundred day moving average of $9.96. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82. 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 market cap of $790.80 million, a PE ratio of 8.37 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share 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, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Friday, February 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 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.