Oci Partners Lp (OCIP): Nassef Sawiris , director other of Oci Partners Lp purchased 10,252 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.10 per share for a total value of $72,254.66 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Nassef Sawiris (director other) purchased 8,900 shares at $6.74 per share price.On Dec 30, 2015, Nathaniel A Gregory (director other) purchased 5,000 shares at $6.93 per share price.
OCI Partners LP: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in OCI Partners LP which led to swings in the share price. The shares opened for trading at $6.85 and hit $7.25 on the upside , eventually ending the session at $7.19, with a gain of 1.27% or 0.09 points. The heightened volatility saw the trading volume jump to 19,508 shares. The 52-week high of the share price is $18.8 and the company has a market cap of $626 M . The 52-week low of the share price is at $5.57.
OCI Partners LP is an owner and operator of an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company is a methanol producer in the United States with an annual methanol production capacity of approximately 730000 metric tons. It has a maximum annual ammonia production capacity of approximately 265000 metric tons. The Company 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. The Company stores and sells the processed methanol and ammonia to industrial and commercial customers for further processing or distribution.