125,000 Shares in Methanex Co. (NASDAQ:MEOH) Acquired by Cyrus Capital Partners L.P.

Cyrus Capital Partners L.P. purchased a new stake in shares of Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 125,000 shares of the specialty chemicals company's stock, valued at approximately $6,242,000. Methanex accounts for about 1.8% of Cyrus Capital Partners L.P.'s holdings, making the stock its 3rd largest holding. Cyrus Capital Partners L.P. owned approximately 0.19% of Methanex at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA grew its stake in Methanex by 2.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,463 shares of the specialty chemicals company's stock worth $573,000 after purchasing an additional 293 shares in the last quarter. Blue Trust Inc. grew its position in shares of Methanex by 15.0% during the 4th quarter. Blue Trust Inc. now owns 2,845 shares of the specialty chemicals company's stock worth $142,000 after buying an additional 371 shares in the last quarter. PCJ Investment Counsel Ltd. increased its stake in shares of Methanex by 3.6% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 11,800 shares of the specialty chemicals company's stock valued at $589,000 after buying an additional 410 shares during the period. Value Partners Investments Inc. raised its holdings in shares of Methanex by 7.3% in the fourth quarter. Value Partners Investments Inc. now owns 6,053 shares of the specialty chemicals company's stock valued at $302,000 after acquiring an additional 411 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Methanex by 15.0% in the fourth quarter. Signaturefd LLC now owns 3,452 shares of the specialty chemicals company's stock worth $172,000 after acquiring an additional 450 shares during the period. 73.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Scotiabank downgraded Methanex from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $66.00 to $53.00 in a report on Monday, March 10th. Piper Sandler lowered shares of Methanex from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $71.00 to $36.00 in a research report on Monday, April 7th. UBS Group reduced their price objective on shares of Methanex from $53.00 to $51.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank of Canada reissued a "sector perform" rating and set a $55.00 target price on shares of Methanex in a research report on Tuesday, April 1st. Finally, Raymond James cut their price target on shares of Methanex from $62.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $47.88.

Methanex Stock Performance

Shares of MEOH traded up $1.08 during trading hours on Thursday, reaching $32.37. 1,421,642 shares of the company traded hands, compared to its average volume of 376,955. Methanex Co. has a 12-month low of $25.46 and a 12-month high of $56.43. The company has a quick ratio of 2.00, a current ratio of 2.62 and a debt-to-equity ratio of 1.01. The business has a fifty day moving average price of $34.33 and a 200-day moving average price of $42.12. The stock has a market capitalization of $2.18 billion, a P/E ratio of 14.01 and a beta of 1.06.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last announced its earnings results on Wednesday, April 30th. The specialty chemicals company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.05. Methanex had a return on equity of 10.97% and a net margin of 4.41%. The business had revenue of $857.90 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Methanex Co. will post 4.32 EPS for the current fiscal year.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, June 16th. Methanex's dividend payout ratio is currently 32.03%.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.