California Public Employees Retirement System boosted its stake in shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) by 16.5% during the first quarter, Holdings Channel reports. The fund owned 67,700 shares of the energy company’s stock after buying an additional 9,600 shares during the period. California Public Employees Retirement System’s holdings in SunCoke Energy Partners, L.P. were worth $1,039,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SXCP. Sheaff Brock Investment Advisors LLC bought a new position in shares of SunCoke Energy Partners, L.P. during the first quarter worth approximately $158,000. Creative Planning boosted its position in shares of 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. Rafferty Asset Management LLC boosted its position 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 worth $3,074,000 after buying an additional 51,559 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of 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 in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in shares of 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 in the last quarter. 28.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) traded down 1.24% during trading on Friday, reaching $16.45. The company had a trading volume of 312,971 shares. The stock’s market capitalization is $760.37 million. The company’s 50 day moving average is $18.01 and its 200-day moving average is $16.94. SunCoke Energy Partners, L.P. has a 1-year low of $12.07 and a 1-year high of $21.95.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its quarterly earnings results on Thursday, July 27th. The energy company reported $0.13 EPS for the quarter, missing the 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 14.02%. The business had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $212.25 million. During the same period in the previous year, the company posted $0.23 earnings per share. SunCoke Energy Partners, L.P.’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that SunCoke Energy Partners, L.P. will post ($1.91) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.594 dividend. This represents a $2.38 annualized dividend and a yield of 14.44%. The ex-dividend date of this dividend is Friday, August 11th. SunCoke Energy Partners, L.P.’s payout ratio is -127.27%.

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SXCP has been the topic of a number of recent research reports. Zacks Investment Research cut SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, May 5th. ValuEngine raised SunCoke Energy Partners, L.P. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 31st.

In other SunCoke Energy Partners, L.P. news, major shareholder Sun Coal & Coke Llc purchased 106,700 shares of the stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of $15.47 per share, with a total value of $1,650,649.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 1,539,386 shares of company stock worth $26,057,144.

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).

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Institutional Ownership by Quarter for SunCoke Energy Partners, L.P. (NYSE:SXCP)

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