Insider Buying: SunCoke Energy Partners, L.P. (SXCP) Major Shareholder Buys $963,670.50 in Stock

SunCoke Energy Partners, L.P. (NYSE:SXCP) major shareholder Sun Coal & Coke Llc acquired 56,355 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $963,670.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, December 20th, Sun Coal & Coke Llc acquired 15,200 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.06 per share, for a total transaction of $259,312.00.
  • On Friday, December 15th, Sun Coal & Coke Llc acquired 19,300 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.11 per share, for a total transaction of $330,223.00.
  • On Wednesday, December 13th, Sun Coal & Coke Llc acquired 39,869 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $681,759.90.
  • On Monday, December 11th, Sun Coal & Coke Llc acquired 17,209 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.09 per share, for a total transaction of $294,101.81.
  • On Thursday, December 7th, Sun Coal & Coke Llc acquired 42,267 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $718,539.00.
  • On Tuesday, December 5th, Sun Coal & Coke Llc acquired 61,408 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.15 per share, for a total transaction of $1,053,147.20.
  • On Thursday, November 30th, Sun Coal & Coke Llc acquired 57,168 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.22 per share, for a total transaction of $984,432.96.
  • On Friday, November 24th, Sun Coal & Coke Llc acquired 19,500 shares of SunCoke Energy Partners stock. The stock was purchased at an average cost of $17.24 per share, for a total transaction of $336,180.00.
  • On Wednesday, November 22nd, Sun Coal & Coke Llc bought 18,010 shares of SunCoke Energy Partners stock. The shares were bought at an average cost of $16.98 per share, for a total transaction of $305,809.80.
  • On Monday, November 27th, Sun Coal & Coke Llc bought 57,751 shares of SunCoke Energy Partners stock. The shares were bought at an average cost of $17.16 per share, for a total transaction of $991,007.16.

Shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) opened at $17.05 on Thursday. The firm has a market cap of $783.76, a price-to-earnings ratio of 9.42 and a beta of 1.28. SunCoke Energy Partners, L.P. has a one year low of $13.50 and a one year high of $20.70. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.67 and a current ratio of 1.38.

SunCoke Energy Partners (NYSE:SXCP) last posted its earnings results on Thursday, October 26th. The energy company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.22. The firm had revenue of $214.00 million for the quarter, compared to analysts’ expectations of $212.95 million. SunCoke Energy Partners had a negative net margin of 9.04% and a positive return on equity of 15.35%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. sell-side analysts expect that SunCoke Energy Partners, L.P. will post -1.94 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.594 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 13.94%. SunCoke Energy Partners’s payout ratio is presently -128.65%.

SXCP has been the topic of a number of research reports. ValuEngine raised shares of SunCoke Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, November 8th. Finally, B. Riley reaffirmed a “buy” rating on shares of SunCoke Energy Partners in a research note on Wednesday, November 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of SXCP. Eaton Vance Management acquired a new position in shares of SunCoke Energy Partners during the second quarter worth $2,982,000. Marshall Wace North America L.P. acquired a new position in shares of SunCoke Energy Partners during the second quarter worth $910,000. Quinn Opportunity Partners LLC acquired a new position in shares of SunCoke Energy Partners during the second quarter worth $381,000. Jane Street Group LLC acquired a new position in shares of SunCoke Energy Partners during the third quarter worth $280,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of SunCoke Energy Partners during the third quarter worth $263,000. 13.28% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Insider Buying and Selling by Quarter for SunCoke Energy Partners (NYSE:SXCP)

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