OCI Partners LP (NYSE:OCIP) insider Nassef Sawiris purchased 108,518 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were bought at an average price of $5.69 per share, with a total value of $617,467.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nassef Sawiris also recently made the following trade(s):

  • On Thursday, September 15th, Nassef Sawiris purchased 900 shares of OCI Partners stock. The shares were bought at an average price of $5.79 per share, with a total value of $5,211.00.
  • On Tuesday, September 13th, Nassef Sawiris purchased 36,100 shares of OCI Partners stock. The shares were bought at an average price of $6.04 per share, with a total value of $218,044.00.
  • On Thursday, September 8th, Nassef Sawiris purchased 198,500 shares of OCI Partners stock. The shares were bought at an average price of $6.04 per share, with a total value of $1,198,940.00.

Shares of OCI Partners LP (NYSE:OCIP) opened at 5.60 on Friday. OCI Partners LP has a 12 month low of $4.95 and a 12 month high of $8.50. The firm’s 50 day moving average is $5.72 and its 200-day moving average is $6.49. The firm’s market capitalization is $487.18 million.

Insider Buying and Selling by Quarter for OCI Partners (NYSE:OCIP)

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Large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in OCI Partners by 0.6% in the third quarter. Morgan Stanley now owns 9,489,471 shares of the company’s stock valued at $56,083,000 after buying an additional 53,977 shares in the last quarter. Credit Capital Investments LLC raised its stake in OCI Partners by 655.0% in the second quarter. Credit Capital Investments LLC now owns 596,487 shares of the company’s stock valued at $596,000 after buying an additional 517,482 shares in the last quarter. Finally, Citigroup Inc. raised its stake in OCI Partners by 197.4% in the second quarter. Citigroup Inc. now owns 27,206 shares of the company’s stock valued at $205,000 after buying an additional 18,057 shares in the last quarter. Institutional investors and hedge funds own 13.86% of the company’s stock.

A number of equities research analysts have weighed in on OCIP shares. Citigroup Inc. dropped their price target on shares of OCI Partners from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, August 8th. TheStreet upgraded shares of OCI Partners from a “sell” rating to a “hold” rating in a research 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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