OCI Partners LP (NYSE:OCIP) insider Nathaniel A. Gregory acquired 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were purchased at an average price of $8.35 per share, for a total transaction of $83,500.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $83,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
OCI Partners LP (OCIP) opened at 8.25 on Wednesday. The company’s market cap is $717.73 million. The firm’s 50-day moving average is $8.49 and its 200-day moving average is $8.95. OCI Partners LP has a 52-week low of $4.95 and a 52-week high of $10.35.
OCI Partners (NYSE:OCIP) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). The business had revenue of $73.97 million for the quarter. OCI Partners had a negative return on equity of 10.52% and a negative net margin of 5.60%. On average, equities research analysts anticipate that OCI Partners LP will post $0.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend was Wednesday, August 16th. OCI Partners’s payout ratio is -252.63%.
OCIP has been the topic of a number of analyst reports. BidaskClub upgraded shares of OCI Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Citigroup Inc. set a $7.00 price objective on shares of OCI Partners and gave the company a “sell” rating in a research report on Monday, August 14th. Finally, ValuEngine upgraded shares of OCI Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th.
Several large investors have recently modified their holdings of the stock. Bard Associates Inc. increased its position in shares of OCI Partners by 1.0% during the 2nd quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock worth $1,278,000 after purchasing an additional 1,500 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of OCI Partners by 13.9% during the 1st quarter. Renaissance Technologies LLC now owns 60,608 shares of the basic materials company’s stock worth $606,000 after purchasing an additional 7,418 shares during the last quarter. Quinn Opportunity Partners LLC increased its position in shares of OCI Partners by 32.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 55,985 shares of the basic materials company’s stock worth $495,000 after purchasing an additional 13,600 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in OCI Partners in the 1st quarter valued at about $440,000. Finally, Cowen Group Inc. grew its position in OCI Partners by 93.7% in the 1st quarter. Cowen Group Inc. now owns 95,670 shares of the basic materials company’s stock valued at $957,000 after acquiring an additional 46,275 shares in the last quarter. 14.98% of the stock is owned by hedge funds and other institutional investors.
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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