Stock Traders Purchase Large Volume of SunCoke Energy Partners Call Options (SXCP)

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

Several research firms have issued reports on SXCP. ValuEngine upgraded SunCoke Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded SunCoke Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, B. Riley restated a “buy” rating on shares of SunCoke Energy Partners in a report on Wednesday, November 1st.

Shares of SunCoke Energy Partners (SXCP) traded down $0.35 during midday trading on Wednesday, hitting $18.40. The stock had a trading volume of 262,740 shares, compared to its average volume of 271,959. SunCoke Energy Partners has a 1-year low of $13.50 and a 1-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 company 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 issued its quarterly earnings results on Wednesday, January 31st. The energy company reported ($0.81) earnings per share 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 the consensus estimate of $251.15 million. research analysts forecast that SunCoke Energy Partners will post 1.6 EPS for the current year.

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

In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc acquired 61,408 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of $17.15 per share, for a total transaction of $1,053,147.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 678,690 shares of company stock worth $11,722,019 over the last 90 days.

Hedge funds and other institutional investors have recently modified their holdings of the company. Adams Asset Advisors LLC increased its holdings 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 acquiring an additional 15,000 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of SunCoke Energy Partners in the 3rd quarter valued at approximately $280,000. Virtu KCG Holdings LLC bought a new stake in shares of SunCoke Energy Partners in the 2nd quarter valued at approximately $180,000. Geode Capital Management LLC bought a new stake in shares of SunCoke Energy Partners in the 4th quarter valued at approximately $994,000. Finally, Renaissance Technologies LLC increased its holdings 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 acquiring an additional 316,242 shares during the last quarter. Institutional investors and hedge funds own 13.26% of the company’s stock.

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About SunCoke Energy Partners

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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