SunCoke Energy Partners, L.P. (NYSE:SXCP) Major Shareholder Acquires $350,200.00 in Stock

SunCoke Energy Partners, L.P. (NYSE:SXCP) major shareholder Sun Coal & Coke Llc purchased 20,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were purchased at an average cost of $17.51 per share, for a total transaction of $350,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Monday, July 10th, Sun Coal & Coke Llc acquired 30,100 shares of SunCoke Energy Partners, L.P. stock. The shares were bought 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 acquired 45,423 shares of SunCoke Energy Partners, L.P. stock. The shares were bought at an average cost of $17.74 per share, for a total transaction of $805,804.02.
  • On Tuesday, June 27th, Sun Coal & Coke Llc acquired 24,300 shares of SunCoke Energy Partners, L.P. stock. The shares were bought at an average cost of $17.53 per share, for a total transaction of $425,979.00.
  • On Wednesday, June 28th, Sun Coal & Coke Llc acquired 48,551 shares of SunCoke Energy Partners, L.P. stock. The shares were bought at an average cost of $17.57 per share, for a total transaction of $853,041.07.
  • On Monday, June 26th, Sun Coal & Coke Llc acquired 40,911 shares of SunCoke Energy Partners, L.P. stock. The shares were bought 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 acquired 12,691 shares of SunCoke Energy Partners, L.P. stock. The shares were bought 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 acquired 27,899 shares of SunCoke Energy Partners, L.P. stock. The shares were bought 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 acquired 41,400 shares of SunCoke Energy Partners, L.P. stock. The shares were bought 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 purchased 42,739 shares of SunCoke Energy Partners, L.P. stock. The stock was acquired 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 purchased 32,800 shares of SunCoke Energy Partners, L.P. stock. The stock was acquired 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, hitting $18.35. 157,428 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $17.80 and its 200 day moving average price is $17.03. SunCoke Energy Partners, L.P. has a one year low of $12.07 and a one year high of $21.95. The firm’s market cap is $847.77 million.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.08. SunCoke Energy Partners, L.P. had a negative net margin of 9.52% and a positive return on equity of 13.29%. The company had revenue of $200.60 million for the quarter, compared to analyst estimates of $212.25 million. During the same period in the prior year, the company earned $0.23 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts forecast that SunCoke Energy Partners, L.P. will post ($0.40) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 dividend yield of 12.95%. The ex-dividend date is Friday, August 11th. SunCoke Energy Partners, L.P.’s dividend payout ratio is currently -127.27%.

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Several research firms have recently weighed in on SXCP. Zacks Investment Research downgraded shares of SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. ValuEngine downgraded shares of SunCoke Energy Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 17th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its position in SunCoke Energy Partners, L.P. by 6.7% in the first quarter. Global X Management Co. LLC now owns 6,486 shares of the energy company’s stock worth $100,000 after buying an additional 409 shares in the last quarter. UBS Group AG increased its position in SunCoke Energy Partners, L.P. by 93.4% in the first quarter. UBS Group AG now owns 8,329 shares of the energy company’s stock worth $128,000 after buying an additional 4,023 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in SunCoke Energy Partners, L.P. during the first quarter worth approximately $158,000. Creative Planning increased its position in SunCoke Energy Partners, L.P. by 3,878.5% in the first quarter. Creative Planning now owns 11,100 shares of the energy company’s stock worth $170,000 after buying an additional 10,821 shares in the last quarter. Finally, Alpha Cubed Investments LLC bought a new position in SunCoke Energy Partners, L.P. during the second quarter worth approximately $292,000. 28.16% of the stock is owned by institutional investors.

SunCoke Energy Partners, L.P. Company Profile

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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