SunCoke Energy Partners Sees Unusually Large Options Volume (SXCP)

SunCoke Energy Partners LP (NYSE:SXCP) saw unusually large options trading activity on Tuesday. Stock traders purchased 758 call options on the company. This represents an increase of 872% compared to the average volume of 78 call options.

Shares of SunCoke Energy Partners (SXCP) traded down $0.35 during trading hours on Wednesday, hitting $18.40. 262,740 shares of the company’s stock were exchanged, compared to its average volume of 271,959. SunCoke Energy Partners has a 52 week low of $13.50 and a 52 week high of $21.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.67 and a current ratio of 1.38. The stock has a market cap of $866.74, a P/E ratio of -33.45 and a beta of 1.37.

SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings data on Wednesday, January 31st. The energy company reported ($0.81) EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($1.48). SunCoke Energy Partners had a negative net margin of 2.28% and a positive return on equity of 14.57%. The firm had revenue of $235.40 million during the quarter, compared to analysts’ expectations of $251.15 million. research analysts expect that SunCoke Energy Partners will post 1.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.594 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 12.91%. The ex-dividend date is Wednesday, February 14th. SunCoke Energy Partners’s dividend payout ratio is presently -432.73%.

In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc bought 7,854 shares of SunCoke Energy Partners stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $17.97 per share, for a total transaction of $141,136.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have acquired 678,690 shares of company stock worth $11,722,019.

Large investors have recently made changes to their positions in the business. Adams Asset Advisors LLC grew its position in shares of SunCoke Energy Partners by 36.0% in the 3rd quarter. Adams Asset Advisors LLC now owns 56,695 shares of the energy company’s stock valued at $975,000 after buying an additional 15,000 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of SunCoke Energy Partners in the 3rd quarter valued at $280,000. Virtu KCG Holdings LLC purchased a new position in shares of SunCoke Energy Partners in the 2nd quarter valued at $180,000. Geode Capital Management LLC purchased a new position in shares of SunCoke Energy Partners in the 4th quarter valued at $994,000. Finally, Renaissance Technologies LLC grew its position in shares of SunCoke Energy Partners by 2,066.9% in the 4th quarter. Renaissance Technologies LLC now owns 331,542 shares of the energy company’s stock valued at $5,785,000 after buying an additional 316,242 shares during the last quarter. 13.26% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on SXCP. B. Riley reiterated a “buy” rating on shares of SunCoke Energy Partners in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of SunCoke Energy Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of SunCoke Energy Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.

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SunCoke Energy Partners 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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