SunCoke Energy Partners, L.P. (SXCP) Holdings Cut by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) by 39.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,398 shares of the energy company’s stock after selling 16,976 shares during the quarter. Goldman Sachs Group Inc. owned about 0.06% of SunCoke Energy Partners, L.P. worth $463,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Eaton Vance Management acquired a new stake in SunCoke Energy Partners, L.P. during the second quarter worth $2,982,000. GSA Capital Partners LLP increased its stake in SunCoke Energy Partners, L.P. by 11.6% during the second quarter. GSA Capital Partners LLP now owns 116,938 shares of the energy company’s stock worth $2,052,000 after acquiring an additional 12,138 shares during the last quarter. California Public Employees Retirement System increased its stake in SunCoke Energy Partners, L.P. by 16.5% during the first quarter. California Public Employees Retirement System now owns 67,700 shares of the energy company’s stock worth $1,039,000 after acquiring an additional 9,600 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of SunCoke Energy Partners, L.P. by 8.0% in the first quarter. Renaissance Technologies LLC now owns 65,989 shares of the energy company’s stock valued at $1,013,000 after buying an additional 4,903 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of SunCoke Energy Partners, L.P. in the second quarter valued at $910,000. 15.53% of the stock is owned by institutional investors.

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Shares of SunCoke Energy Partners, L.P. (NYSE SXCP) opened at $17.60 on Tuesday. SunCoke Energy Partners, L.P. has a one year low of $13.50 and a one year high of $21.95. The company has a quick ratio of 0.67, a current ratio of 1.38 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $818.18, a price-to-earnings ratio of 9.78 and a beta of 1.31.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last issued its quarterly earnings data on Thursday, October 26th. The energy company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.22. SunCoke Energy Partners, L.P. had a positive return on equity of 15.35% and a negative net margin of 9.04%. The business had revenue of $214.00 million during the quarter, compared to analysts’ expectations of $212.95 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. sell-side analysts predict that SunCoke Energy Partners, L.P. will post -1.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.594 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 13.50%. SunCoke Energy Partners, L.P.’s payout ratio is presently -129.35%.

A number of brokerages have recently weighed in on SXCP. ValuEngine cut SunCoke Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. B. Riley reaffirmed a “buy” rating on shares of SunCoke Energy Partners, L.P. in a research note on Wednesday, November 1st. BidaskClub raised SunCoke Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Zacks Investment Research cut SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

In related news, major shareholder Sun Coal & Coke Llc bought 6,060 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $109,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 789,117 shares of company stock valued at $13,682,531 over the last ninety days.

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

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