Allianz Asset Management GmbH lowered its position in shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 863,707 shares of the energy company’s stock after selling 11,750 shares during the quarter. Allianz Asset Management GmbH owned about 1.87% of SunCoke Energy Partners worth $14,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SXCP. Eaton Vance Management acquired a new position in shares of SunCoke Energy Partners during the second quarter valued at about $2,982,000. Adams Asset Advisors LLC raised its holdings in shares of SunCoke Energy Partners by 36.0% during the third 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. Marshall Wace North America L.P. acquired a new position in shares of SunCoke Energy Partners during the second quarter valued at about $910,000. Bank of America Corp DE raised its holdings in shares of SunCoke Energy Partners by 0.9% during the first quarter. Bank of America Corp DE now owns 22,614 shares of the energy company’s stock valued at $347,000 after purchasing an additional 200 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of SunCoke Energy Partners by 8.0% during the first quarter. Renaissance Technologies LLC now owns 65,989 shares of the energy company’s stock valued at $1,013,000 after purchasing an additional 4,903 shares during the period. 13.30% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Partners, L.P. (SXCP) remained flat at $$17.05 on Thursday. The stock had a trading volume of 246,500 shares, compared to its average volume of 237,790. 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, L.P. has a 1-year low of $13.50 and a 1-year high of $20.70. The company has a market cap of $789.31, a price-to-earnings ratio of 9.42 and a beta of 1.28.

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 the Zacks’ consensus estimate of $0.23 by $0.22. SunCoke Energy Partners had a negative net margin of 9.04% and a positive return on equity of 15.35%. The company had revenue of $214.00 million for the quarter, compared to analyst estimates of $212.95 million. During the same quarter in the prior year, the business posted $0.42 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. equities research analysts expect that SunCoke Energy Partners, L.P. will post -1.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.594 dividend. 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 dividend payout ratio is presently -128.65%.

In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc bought 39,869 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $17.10 per share, for a total transaction of $681,759.90. Following the acquisition, the insider now directly owns 28,117,373 shares of the company’s stock, valued at approximately $480,807,078.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 873,086 shares of company stock worth $15,126,192 in the last 90 days.

Several equities analysts have recently weighed in on SXCP shares. Zacks Investment Research upgraded shares of SunCoke Energy Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. ValuEngine upgraded shares of SunCoke Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of SunCoke Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, B. Riley restated a “buy” rating on shares of SunCoke Energy Partners in a report on Wednesday, November 1st.

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SunCoke Energy Partners 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 (NYSE:SXCP)

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