ValuEngine downgraded shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) from a strong-buy rating to a buy rating in a report released on Friday morning.

Several other research analysts have also recently commented on SXCP. Zacks Investment Research cut shares of SunCoke Energy Partners, L.P. from a hold rating to a sell rating in a report on Wednesday, July 19th. BidaskClub cut shares of SunCoke Energy Partners, L.P. from a hold rating to a sell rating in a report on Tuesday, September 12th.

SunCoke Energy Partners, L.P. (SXCP) remained flat at $17.80 during midday trading on Friday. 144,717 shares of the company traded hands. SunCoke Energy Partners, L.P. has a 1-year low of $13.50 and a 1-year high of $21.95. The firm’s 50-day moving average price is $17.18 and its 200 day moving average price is $17.14. The company’s market cap is $822.77 million.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last announced its earnings results on Thursday, July 27th. The energy company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.08). SunCoke Energy Partners, L.P. had a positive return on equity of 14.02% and a negative net margin of 9.52%. The business had revenue of $200.60 million for the quarter, compared to the consensus estimate of $212.25 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts forecast that SunCoke Energy Partners, L.P. will post ($1.91) EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.594 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.38 dividend on an annualized basis and a yield of 13.35%. SunCoke Energy Partners, L.P.’s dividend payout ratio (DPR) is -127.27%.

In other news, major shareholder Sun Coal & Coke Llc acquired 35,838 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $16.70 per share, with a total value of $598,494.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 578,215 shares of company stock worth $9,919,223 over the last three months.

Large investors have recently made changes to their positions in the stock. Eaton Vance Management bought a new position in SunCoke Energy Partners, L.P. in the second quarter valued at approximately $2,982,000. Alpha Cubed Investments LLC bought a new position in SunCoke Energy Partners, L.P. in the second quarter valued at approximately $292,000. California Public Employees Retirement System increased its stake in SunCoke Energy Partners, L.P. by 16.5% in the first quarter. California Public Employees Retirement System now owns 67,700 shares of the energy company’s stock valued at $1,039,000 after acquiring an additional 9,600 shares during the last quarter. Marshall Wace North America L.P. bought a new position in SunCoke Energy Partners, L.P. in the second quarter valued at approximately $910,000. Finally, UBS Group AG increased its stake 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 valued at $128,000 after acquiring an additional 4,023 shares during the last quarter. 15.71% 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).

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