Dimensional Fund Advisors LP Has $63.64 Million Stake in SunCoke Energy, Inc. (NYSE:SXC)

Dimensional Fund Advisors LP cut its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,494,102 shares of the energy company’s stock after selling 10,154 shares during the period. Dimensional Fund Advisors LP owned about 7.72% of SunCoke Energy worth $63,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Innealta Capital LLC acquired a new position in shares of SunCoke Energy during the second quarter worth approximately $70,000. Beacon Bridge Wealth Partners LLC bought a new stake in shares of SunCoke Energy during the second quarter worth $111,000. Cornerstone Investment Partners LLC acquired a new stake in shares of SunCoke Energy in the 1st quarter valued at about $174,000. ProShare Advisors LLC boosted its position in SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after acquiring an additional 1,158 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in SunCoke Energy in the first quarter valued at $204,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Friday.

SunCoke Energy Stock Up 2.5 %

SXC stock opened at $8.68 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $11.85. The business’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $9.92. The stock has a market capitalization of $729.90 million, a price-to-earnings ratio of 12.23 and a beta of 1.04.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The firm had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. On average, equities analysts anticipate that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.53%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s dividend payout ratio is presently 67.61%.

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.