November 26, 2016 - By Ruchi Gupta
The insider, and Oci Partners Lp’s director, Nassef Sawiris, made a purchase of 108,518 company shares on November 25, 2016, with a total value of about $617,669 (at $5.7 for each share). It seems he is very active lately as in the last month, he obtained additional 35,438 shares of the company, worth $189,306 USD. The trade, dated November 25, 2016, is recorded on a document that was filed with the U.S. Security & Exchange Commission and is also available for review here. Nassef Sawiris now has ownership of 868,014 shares which are around 1.02% of the Texas-based company’s total market cap.
Insitutional Activity: The institutional sentiment increased to 0.56 in Q2 2016. Its up 0.14, from 0.42 in 2016Q1. The ratio improved, as 6 funds sold all OCI Partners LP shares owned while 6 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 11.93 million shares or 4.20% more from 11.45 million shares in 2016Q1.
Nfc Investments Limited Company has 808,100 shares for 2.87% of their US portfolio. Manufacturers Life Ins The accumulated 0% or 2,417 shares. Iconiq Limited Liability Co holds 0.03% of its portfolio in OCI Partners LP (NYSE:OCIP) for 17,835 shares. Commercial Bank Of America De reported 4,000 shares or 0% of all its holdings. Lmm Lc holds 242,000 shares or 0.08% of its portfolio. Credit Capital Invs Limited Liability Com last reported 0.84% of its portfolio in the stock. Gru One Trading Limited Partnership has 684 shares for 0% of their US portfolio. Natixis holds 62,900 shares or 0.01% of its portfolio. Renaissance Tech Limited Co, a New York-based fund reported 87,290 shares. Deutsche Bancorp Ag accumulated 103,028 shares or 0% of the stock. Bard Assoc last reported 221,029 shares in the company. Selz Ltd Limited Liability Company accumulated 0.31% or 145,000 shares. The Illinois-based Cna Fincl Corp has invested 0.14% in OCI Partners LP (NYSE:OCIP). Deltec Asset Mgmt Ltd Co last reported 11,554 shares in the company. Bnp Paribas Arbitrage accumulated 0% or 1,151 shares.
Insider Transactions: Since May 31, 2016, the stock had 9 insider buys, and 2 insider sales for $2.05 million net activity. $218,004 worth of OCI Partners LP (NYSE:OCIP) was bought by Sawiris Nassef on Friday, September 9. $30,124 worth of shares were sold by GREGORY NATHANIEL A on Friday, November 11.
The stock decreased 1.75% or $0.1 on November 25, hitting $5.6. About 4,220 shares traded hands. OCI Partners LP (NYSE:OCIP) has declined 21.38% since April 22, 2016 and is downtrending. It has underperformed by 26.79% the S&P500.
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 a market cap of $482.95 million. The Firm has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons. It currently has negative earnings. It purchases natural gas from third parties and processes the natural gas into synthesis gas, which it then further processes in the production of methanol and ammonia.
According to Zacks Investment Research, “OCI Partners LP engages in owning and operating integrated methanol and ammonia production facilities. It intends to sell its products to industrial users and commercial traders for further processing or distribution. OCI Partners LP is based in Nederland, Texas.”
Analysts await OCI Partners LP (NYSE:OCIP) to report earnings on March, 23.
More notable recent OCI Partners LP (NYSE:OCIP) news were published by: Streetinsider.com which released: “Form 4 OCI Partners LP For: Nov 22 Filed by: Sawiris Nassef” on November 25, 2016, also Prnewswire.com with their article: “OCI Partners LP Schedules 2016 Third Quarter Results Conference Call” published on November 04, 2016, Prnewswire.com published: “OCI Partners LP Reports 2016 Third Quarter Results” on November 07, 2016. More interesting news about OCI Partners LP (NYSE:OCIP) were released by: Prnewswire.com and their article: “OCI Partners LP Reports 2016 First Quarter Earnings and Announces $0.06 ..” published on May 09, 2016 as well as Prnewswire.com‘s news article titled: “OCI Partners LP Announces 2014 Schedule K-1 Tax Package Availability” with publication date: March 19, 2015.
OCI Partners LP, incorporated on February 7, 2013, owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Firm is a methanol producer in the United States with an annual methanol production capacity of approximately 912,500 metric tons and a maximum annual ammonia production capacity of approximately 331,000 metric tons.
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By Ruchi Gupta