OCI Partners LP (OCIP) Insider Nathaniel A. Gregory Sells 4,523 Shares of Stock
OCI Partners LP (NYSE:OCIP) insider Nathaniel A. Gregory sold 4,523 shares of OCI Partners stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $5.35, for a total value of $24,198.05. Following the completion of the sale, the insider now owns 4,252 shares in the company, valued at $22,748.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
OCI Partners LP (NYSE:OCIP) traded up 3.60% during trading on Tuesday, hitting $5.75. The stock had a trading volume of 22,937 shares. The firm’s 50-day moving average price is $5.75 and its 200-day moving average price is $6.52. OCI Partners LP has a 1-year low of $4.95 and a 1-year high of $8.65. The stock’s market cap is $500.23 million.
Several hedge funds have recently made changes to their positions in the company. Citigroup Inc. raised its position in shares of OCI Partners by 197.4% in the second quarter. Citigroup Inc. now owns 27,206 shares of the company’s stock worth $205,000 after buying an additional 18,057 shares during the period. Credit Capital Investments LLC raised its position in shares of OCI Partners by 655.0% in the second quarter. Credit Capital Investments LLC now owns 596,487 shares of the company’s stock worth $596,000 after buying an additional 517,482 shares during the period. Finally, Morgan Stanley raised its position in shares of OCI Partners by 0.6% in the third quarter. Morgan Stanley now owns 9,489,471 shares of the company’s stock worth $56,083,000 after buying an additional 53,977 shares during the period. Institutional investors and hedge funds own 13.86% of the company’s stock.
Several equities analysts recently issued reports on OCIP shares. Citigroup Inc. reduced their price objective on OCI Partners from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 8th. TheStreet raised OCI Partners from a “sell” rating to a “hold” rating in a report on Monday, October 3rd.
About OCI Partners
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.
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