Gendell Jeffrey L trimmed its position in SunCoke Energy Partners LP (NYSE:SXCP) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 724,277 shares of the energy company’s stock after selling 241,180 shares during the period. SunCoke Energy Partners makes up about 0.9% of Gendell Jeffrey L’s portfolio, making the stock its 19th largest holding. Gendell Jeffrey L’s holdings in SunCoke Energy Partners were worth $12,639,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its stake in SunCoke Energy Partners by 10.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 120,530 shares of the energy company’s stock valued at $2,103,000 after purchasing an additional 11,300 shares during the period. Jane Street Group LLC acquired a new stake in SunCoke Energy Partners during the 3rd quarter valued at $280,000. Russell Investments Group Ltd. acquired a new stake in SunCoke Energy Partners during the 3rd quarter valued at $263,000. Adams Asset Advisors LLC raised its stake in SunCoke Energy Partners by 36.0% during the 3rd quarter. Adams Asset Advisors LLC now owns 56,695 shares of the energy company’s stock valued at $975,000 after purchasing an additional 15,000 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new stake in SunCoke Energy Partners during the 2nd quarter valued at $180,000. Hedge funds and other institutional investors own 13.04% of the company’s stock.
SXCP has been the topic of several recent analyst reports. 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. B. Riley reissued a “buy” rating on shares of SunCoke Energy Partners in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
SunCoke Energy Partners LP (NYSE SXCP) opened at $18.35 on Monday. SunCoke Energy Partners LP has a one year low of $13.50 and a one year high of $21.95. The company has a quick ratio of 0.72, a current ratio of 1.75 and a debt-to-equity ratio of 1.33. The firm has a market cap of $848.23, a price-to-earnings ratio of 83.41 and a beta of 1.38.
SunCoke Energy Partners (NYSE:SXCP) last posted its quarterly earnings results on Wednesday, January 31st. The energy company reported ($0.81) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($1.48). The company had revenue of $235.40 million during the quarter, compared to analyst estimates of $251.15 million. SunCoke Energy Partners had a positive return on equity of 14.22% and a negative net margin of 2.28%. research analysts predict that SunCoke Energy Partners LP will post 1.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.594 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date of this dividend is Wednesday, February 14th. SunCoke Energy Partners’s dividend payout ratio is presently -120.81%.
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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).
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