Insider Buying: SunCoke Energy Partners, L.P. (NYSE:SXCP) Major Shareholder Purchases 48,551 Shares of Stock

SunCoke Energy Partners, L.P. (NYSE:SXCP) major shareholder Sun Coal & Coke Llc purchased 48,551 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average cost of $17.57 per share, for a total transaction of $853,041.07. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, July 10th, Sun Coal & Coke Llc purchased 30,100 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $17.59 per share, for a total transaction of $529,459.00.
  • On Thursday, July 6th, Sun Coal & Coke Llc purchased 45,423 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $17.74 per share, for a total transaction of $805,804.02.
  • On Thursday, June 29th, Sun Coal & Coke Llc purchased 20,000 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $17.51 per share, for a total transaction of $350,200.00.
  • On Tuesday, June 27th, Sun Coal & Coke Llc purchased 24,300 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $17.53 per share, for a total transaction of $425,979.00.
  • On Monday, June 26th, Sun Coal & Coke Llc purchased 40,911 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $17.35 per share, for a total transaction of $709,805.85.
  • On Thursday, June 22nd, Sun Coal & Coke Llc purchased 12,691 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $17.32 per share, for a total transaction of $219,808.12.
  • On Tuesday, June 20th, Sun Coal & Coke Llc purchased 27,899 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $16.95 per share, for a total transaction of $472,888.05.
  • On Wednesday, June 21st, Sun Coal & Coke Llc purchased 41,400 shares of SunCoke Energy Partners, L.P. stock. The shares were acquired at an average cost of $16.95 per share, for a total transaction of $701,730.00.
  • On Monday, June 19th, Sun Coal & Coke Llc bought 42,739 shares of SunCoke Energy Partners, L.P. stock. The stock was purchased at an average cost of $17.13 per share, for a total transaction of $732,119.07.
  • On Thursday, June 15th, Sun Coal & Coke Llc bought 32,800 shares of SunCoke Energy Partners, L.P. stock. The stock was purchased at an average cost of $17.01 per share, for a total transaction of $557,928.00.

Shares of SunCoke Energy Partners, L.P. (NYSE SXCP) traded up 1.10% during midday trading on Friday, reaching $18.35. The company had a trading volume of 157,428 shares. The stock’s 50 day moving average is $17.77 and its 200-day moving average is $17.03. SunCoke Energy Partners, L.P. has a 12-month low of $12.07 and a 12-month high of $21.95. The stock’s market capitalization is $848.14 million.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its quarterly earnings results on Thursday, July 27th. The energy company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.08. SunCoke Energy Partners, L.P. had a positive return on equity of 13.94% and a negative net margin of 6.40%. The firm had revenue of $200.60 million for the quarter, compared to analyst estimates of $212.25 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that SunCoke Energy Partners, L.P. will post ($0.40) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.594 per share. This represents a $2.38 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date is Friday, August 11th. SunCoke Energy Partners, L.P.’s dividend payout ratio (DPR) is currently -177.61%.

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A number of brokerages recently issued reports on SXCP. Zacks Investment Research lowered SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine lowered SunCoke Energy Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 17th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its position in SunCoke Energy Partners, L.P. by 12.7% in the first quarter. Morgan Stanley now owns 4,169,812 shares of the energy company’s stock worth $64,008,000 after buying an additional 468,527 shares during the period. Gendell Jeffrey L increased its position in SunCoke Energy Partners, L.P. by 259.6% in the first quarter. Gendell Jeffrey L now owns 863,511 shares of the energy company’s stock worth $13,255,000 after buying an additional 623,399 shares during the period. Tocqueville Asset Management L.P. increased its position in SunCoke Energy Partners, L.P. by 49.2% in the first quarter. Tocqueville Asset Management L.P. now owns 277,244 shares of the energy company’s stock worth $4,256,000 after buying an additional 91,400 shares during the period. Van ECK Associates Corp increased its position in SunCoke Energy Partners, L.P. by 49.3% in the first quarter. Van ECK Associates Corp now owns 274,038 shares of the energy company’s stock worth $4,206,000 after buying an additional 90,485 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of SunCoke Energy Partners, L.P. by 34.7% in the first quarter. Rafferty Asset Management LLC now owns 200,268 shares of the energy company’s stock valued at $3,074,000 after buying an additional 51,559 shares during the period. 28.16% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy Partners, L.P.

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).

Insider Buying and Selling by Quarter for SunCoke Energy Partners, L.P. (NYSE:SXCP)

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