Credit Capital Investments buys $524,593 stake in OCI Partners LP (OCIP)

OCI Partners LP (OCIP) : Credit Capital Investments scooped up 900 additional shares in OCI Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 79,005 shares of OCI Partners LP which is valued at $524,593.OCI Partners LP makes up approximately 0.39% of Credit Capital Investments’s portfolio.

Other Hedge Funds, Including , Selz Capital reduced its stake in OCIP by selling 3,533 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 145,000 shares of OCIP which is valued at $1,081,700. OCI Partners LP makes up approx 0.30% of Selz Capital’s portfolio.

OCI Partners LP opened for trading at $5.62 and hit $6.02 on the upside on Wednesday, eventually ending the session at $5.8, with a gain of 1.58% or 0.09 points. The heightened volatility saw the trading volume jump to 25,181 shares. Company has a market cap of $505 M.

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.

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