Citigroup Inc. Grows Position in SunCoke Energy Partners, L.P. (SXCP)

Citigroup Inc. increased its position in shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) by 29.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,398 shares of the energy company’s stock after purchasing an additional 6,938 shares during the period. Citigroup Inc. owned approximately 0.07% of SunCoke Energy Partners, L.P. worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its holdings in SunCoke Energy Partners, L.P. by 11.6% during the 2nd quarter. GSA Capital Partners LLP now owns 116,938 shares of the energy company’s stock worth $2,052,000 after purchasing an additional 12,138 shares during the last quarter. Arrow Investment Advisors LLC lifted its holdings in SunCoke Energy Partners, L.P. by 0.3% during the 2nd quarter. Arrow Investment Advisors LLC now owns 46,751 shares of the energy company’s stock worth $820,000 after purchasing an additional 161 shares during the last quarter. Eaton Vance Management acquired a new stake in SunCoke Energy Partners, L.P. during the 2nd quarter worth approximately $2,982,000. Sheaff Brock Investment Advisors LLC lifted its holdings in SunCoke Energy Partners, L.P. by 7.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,100 shares of the energy company’s stock worth $195,000 after purchasing an additional 800 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in SunCoke Energy Partners, L.P. during the 2nd quarter worth approximately $381,000. 15.71% of the stock is owned by institutional investors and hedge funds.

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SunCoke Energy Partners, L.P. (NYSE SXCP) opened at 17.60 on Friday. SunCoke Energy Partners, L.P. has a 1-year low of $13.50 and a 1-year high of $21.95. The company’s market cap is $813.52 million. The firm’s 50-day moving average price is $17.11 and its 200-day moving average price is $17.04.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its earnings results on Thursday, July 27th. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $200.60 million for the quarter, compared to analysts’ expectations of $212.25 million. SunCoke Energy Partners, L.P. had a positive return on equity of 14.02% and a negative net margin of 9.52%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities research analysts forecast that SunCoke Energy Partners, L.P. will post ($1.91) EPS for the current fiscal year.

Several research firms recently weighed in on SXCP. Zacks Investment Research cut SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub raised SunCoke Energy Partners, L.P. from a “hold” rating to a “buy” rating in a report on Thursday. Finally, ValuEngine cut SunCoke Energy Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 17th.

In related news, major shareholder Sun Coal & Coke Llc bought 7,830 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were purchased at an average price of $17.48 per share, for a total transaction of $136,868.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 533,910 shares of company stock worth $9,136,261.

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).

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

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