SXCP Selling 14.9% Below CEO's Recent Buy Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 3, SunCoke Energy Partners LP's CEO, Frederick A. Henderson, invested $25,284.50 into 1,000 shares of SXCP, for a cost per share of $25.28. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Friday, bargain hunters could buy shares of SunCoke Energy Partners LP ( SXCP) and achieve a cost basis 14.9% cheaper than Henderson, with shares changing hands as low as $21.51 per share. It should be noted that Henderson has collected $1.11/share in dividends since the time of their purchase, so they are currently down 10.5% on their purchase from a total return basis. SunCoke Energy Partners LP shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of SXCP shares, versus its 200 day moving average:

SunCoke Energy Partners LP Chart

Looking at the chart above, SXCP's low point in its 52 week range is $19.20 per share, with $31.99 as the 52 week high point — that compares with a last trade of $21.73. By comparison, below is a table showing the prices at which SXCP insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
02/03/2015 Frederick A. Henderson Chairman and CEO 1,000 $25.28 $25,284.50

The current annualized dividend paid by SunCoke Energy Partners LP is $2.286/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/13/2015. Below is a long-term dividend history chart for SXCP, which can be of good help in judging whether the most recent dividend with approx. 10.6% annualized yield is likely to continue.

SXCP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, SXCP makes up 3.91% of the Zacks MLP High Income Shares ETF ( ZMLP) which is trading up by about 0.2% on the day Friday.

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