SunCoke Energy Partners LP (SXCP) Major Shareholder Sun Coal & Coke Llc Acquires 72,443 Shares

SunCoke Energy Partners LP (NYSE:SXCP) major shareholder Sun Coal & Coke Llc acquired 72,443 shares of SunCoke Energy Partners stock in a transaction dated Thursday, May 4th. The shares were bought at an average price of $16.52 per share, for a total transaction of $1,196,758.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sun Coal & Coke Llc also recently made the following trade(s):

  • On Thursday, May 18th, Sun Coal & Coke Llc acquired 106,700 shares of SunCoke Energy Partners stock. The shares were bought at an average price of $15.47 per share, for a total transaction of $1,650,649.00.
  • On Tuesday, May 16th, Sun Coal & Coke Llc purchased 134,600 shares of SunCoke Energy Partners stock. The stock was acquired at an average price of $15.97 per share, for a total transaction of $2,149,562.00.
  • On Friday, May 12th, Sun Coal & Coke Llc purchased 84,300 shares of SunCoke Energy Partners stock. The stock was acquired at an average price of $16.52 per share, for a total transaction of $1,392,636.00.
  • On Wednesday, May 10th, Sun Coal & Coke Llc purchased 16,700 shares of SunCoke Energy Partners stock. The stock was acquired at an average price of $17.61 per share, for a total transaction of $294,087.00.
  • On Tuesday, May 9th, Sun Coal & Coke Llc purchased 33,400 shares of SunCoke Energy Partners stock. The stock was acquired at an average price of $17.33 per share, for a total transaction of $578,822.00.
  • On Monday, May 8th, Sun Coal & Coke Llc purchased 46,198 shares of SunCoke Energy Partners stock. The stock was acquired at an average price of $17.02 per share, for a total transaction of $786,289.96.

SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings results on Thursday, April 20th. The energy company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.19. The company had revenue of $195.60 million during the quarter, compared to analyst estimates of $232.25 million. SunCoke Energy Partners had a return on equity of 15.91% and a net margin of 15.27%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.594 per share. The ex-dividend date is Thursday, May 11th. This represents a $2.38 annualized dividend and a yield of 14.71%. SunCoke Energy Partners’s dividend payout ratio is presently 114.98%.

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Separately, Zacks Investment Research upgraded shares of SunCoke Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th.

Large investors have recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of SunCoke Energy Partners by 6.7% in the first quarter. Global X Management Co. LLC now owns 6,486 shares of the energy company’s stock valued at $100,000 after buying an additional 409 shares in the last quarter. Massey Quick & Co. LLC purchased a new stake in shares of SunCoke Energy Partners during the fourth quarter valued at approximately $113,000. UBS Group AG raised its stake in shares of SunCoke Energy Partners by 93.4% in the first quarter. UBS Group AG now owns 8,329 shares of the energy company’s stock valued at $128,000 after buying an additional 4,023 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of SunCoke Energy Partners during the first quarter valued at approximately $158,000. Finally, Creative Planning raised its stake in shares of SunCoke Energy Partners by 3,878.5% in the first quarter. Creative Planning now owns 11,100 shares of the energy company’s stock valued at $170,000 after buying an additional 10,821 shares in the last quarter. Institutional investors own 12.29% of the company’s stock.

About SunCoke Energy Partners

SunCoke Energy Partners, L.P. is engaged in the production of coke used in the blast furnace production of steel. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC (Haverhill), Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City).

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