Point72 Asia Singapore Pte. Ltd. Has $26,000 Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Point72 Asia Singapore Pte. Ltd. trimmed its stake in SunCoke Energy, Inc. (NYSE:SXC) by 77.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,695 shares of the energy company’s stock after selling 9,240 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in SunCoke Energy were worth $26,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in shares of SunCoke Energy by 130.5% in the first quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock valued at $1,294,000 after purchasing an additional 64,978 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of SunCoke Energy by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock worth $77,124,000 after acquiring an additional 77,649 shares during the last quarter. Bank of Montreal Can lifted its stake in SunCoke Energy by 111.3% during the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock worth $1,729,000 after purchasing an additional 92,827 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in SunCoke Energy by 45.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock valued at $605,000 after acquiring an additional 16,869 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of SunCoke Energy by 19.7% in the 1st quarter. Jennison Associates LLC now owns 115,571 shares of the energy company’s stock valued at $1,302,000 after acquiring an additional 19,020 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $8.55 on Tuesday. The business has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $9.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The firm has a market cap of $718.84 million, a price-to-earnings ratio of 12.04 and a beta of 1.04. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $11.85.

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

SunCoke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.12 dividend. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is currently 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.