Adams Asset Advisors LLC Has Cut Its Suncoke Energy LP (SXCP) Holding by $5.45 Million

June 20, 2017 - By Vivian Park

Investors sentiment increased to 1.75 in 2016 Q4. Its up 1.21, from 0.54 in 2016Q3. It improved, as 6 investors sold SXCP shares while 10 reduced holdings. 17 funds opened positions while 11 raised stakes. 8.94 million shares or 56.59% more from 5.71 million shares in 2016Q3 were reported. Next Fin Grp Inc Inc has 48,295 shares. One Trading LP accumulated 5,327 shares. Lpl Fin Ltd Limited Liability Company invested in 16,819 shares or 0% of the stock. Creative Planning has invested 0% in SunCoke Energy Partners LP (NYSE:SXCP). 303,218 were accumulated by Guggenheim Ltd Liability. Rafferty Asset Mngmt Lc has 148,709 shares for 0.13% of their portfolio. Wells Fargo Mn, California-based fund reported 6,493 shares. Gendell Jeffrey L accumulated 240,112 shares. Arrow Investment Advsr Limited Com owns 58,852 shares. Omers Administration has 386,900 shares for 0.14% of their portfolio. The California-based Kayne Anderson Advisors Limited Partnership has invested 0.15% in SunCoke Energy Partners LP (NYSE:SXCP). Ing Groep Nv owns 43,141 shares for 0.02% of their portfolio. Credit Suisse Ag reported 0.01% in SunCoke Energy Partners LP (NYSE:SXCP). Citigroup has 13,005 shares. The New York-based Glob X Management has invested 0.01% in SunCoke Energy Partners LP (NYSE:SXCP).

Since May 15, 2017, it had 1 insider purchase, and 0 insider sales for $2.15 million activity.

Adams Asset Advisors Llc decreased its stake in Suncoke Energy Lp (SXCP) by 57.72% based on its latest 2016Q4 regulatory filing with the SEC. Adams Asset Advisors Llc sold 286,915 shares as the company’s stock declined 7.71% while stock markets rallied. The institutional investor held 210,135 shares of the basic industries company at the end of 2016Q4, valued at $4.05 million, down from 497,050 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Suncoke Energy Lp for a number of months, seems to be less bullish one the $799.64M market cap company. It closed at $17.2 lastly. It is down 51.79% since June 20, 2016 and is uptrending. It has outperformed by 35.09% the S&P500.

Analysts expect SunCoke Energy Partners LP (NYSE:SXCP) to report $0.17 EPS on July, 27.They anticipate $0.06 EPS change or 26.09 % from last quarter’s $0.23 EPS. SXCP’s profit would be $7.90 million giving it 25.29 P/E if the $0.17 EPS is correct. After having $0.45 EPS previously, SunCoke Energy Partners LP’s analysts see -62.22 % EPS growth.

More notable recent SunCoke Energy Partners LP (NYSE:SXCP) news were published by: Prnewswire.com which released: “SunCoke Energy Partners, LP Issues Statement On MLP Qualifying Income Status” on January 20, 2017, also Nasdaq.com with their article: “SunCoke Energy Partners, LP (SXCP) Ex-Dividend Date Scheduled for February 13 …” published on February 10, 2017, Fool.com published: “Is There Any Growth Left for SunCoke Energy, Inc. and SunCoke Energy Partners …” on January 23, 2017. More interesting news about SunCoke Energy Partners LP (NYSE:SXCP) were released by: Law360.com and their article: “SunCoke Energy Prices Downsized $630M Debt Offering” published on May 22, 2017 as well as Seekingalpha.com‘s news article titled: “An Analysis Of The Proposed Purchase Of SunCoke Energy Partners By SunCoke …” with publication date: November 07, 2016.

SunCoke Energy Partners LP (NYSE:SXCP) Ratings Coverage

Among 4 analysts covering SunCoke Energy Partners (NYSE:SXCP), 2 have Buy rating, 2 Sell and 0 Hold. Therefore 50% are positive. SunCoke Energy Partners had 6 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, October 21 the stock rating was maintained by FBR Capital with “Outperform”. Bank of America downgraded SunCoke Energy Partners LP (NYSE:SXCP) on Wednesday, December 9 to “Underperform” rating. The firm has “Outperform” rating given on Friday, September 18 by FBR Capital. The stock of SunCoke Energy Partners LP (NYSE:SXCP) has “Underweight” rating given on Monday, January 11 by Barclays Capital.

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