Citigroup upgraded shares of OCI Partners (NYSE:OCIP) from a sell rating to a neutral rating in a research note published on Friday.

Separately, BidaskClub cut shares of OCI Partners from a sell rating to a strong sell rating in a research note on Friday, September 15th.

OCI Partners (NYSE OCIP) opened at $8.60 on Friday. OCI Partners has a fifty-two week low of $6.76 and a fifty-two week high of $10.35. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $752.53, a P/E ratio of -122.84 and a beta of 1.29.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.32 annualized dividend and a dividend yield of 3.72%. OCI Partners’s dividend payout ratio is presently -457.08%.

In other OCI Partners news, Director Ocip Holding Llc acquired 7,276,549 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average cost of $8.40 per share, with a total value of $61,123,011.60. Following the transaction, the director now owns 76,774,139 shares of the company’s stock, valued at $644,902,767.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nassef Sawiris acquired 11,200 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of $7.16 per share, with a total value of $80,192.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,292,749 shares of company stock worth $61,238,804.

Several large investors have recently modified their holdings of OCIP. Citadel Advisors LLC acquired a new position in OCI Partners in the 3rd quarter valued at about $269,000. Bard Associates Inc. grew its position in OCI Partners by 1.0% in the 2nd quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock valued at $1,278,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Cowen Inc. grew its position in OCI Partners by 117.9% in the 2nd quarter. Cowen Inc. now owns 208,420 shares of the basic materials company’s stock valued at $1,845,000 after acquiring an additional 112,750 shares in the last quarter. 15.04% of the stock is owned by hedge funds and other institutional investors.

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OCI Partners Company Profile

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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