Lighthouse Investment Partners LLC Invests $448,000 in Methanex Co. (NASDAQ:MEOH)

Lighthouse Investment Partners LLC purchased a new position in shares of Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,973 shares of the specialty chemicals company's stock, valued at approximately $448,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MEOH. Wellington Management Group LLP boosted its position in shares of Methanex by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 4,836,661 shares of the specialty chemicals company's stock worth $241,549,000 after buying an additional 62,467 shares during the period. FMR LLC boosted its position in shares of Methanex by 3.0% in the fourth quarter. FMR LLC now owns 3,330,889 shares of the specialty chemicals company's stock worth $166,384,000 after buying an additional 95,950 shares during the period. Vanguard Group Inc. boosted its position in shares of Methanex by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,116,860 shares of the specialty chemicals company's stock worth $105,779,000 after buying an additional 37,658 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Methanex by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,978 shares of the specialty chemicals company's stock worth $52,334,000 after buying an additional 50,075 shares during the period. Finally, Boston Partners boosted its position in shares of Methanex by 36.0% in the fourth quarter. Boston Partners now owns 989,534 shares of the specialty chemicals company's stock worth $49,393,000 after buying an additional 262,087 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Methanex Stock Down 0.4%

MEOH traded down $0.13 on Tuesday, reaching $33.50. The company's stock had a trading volume of 125,586 shares, compared to its average volume of 389,318. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.62 and a quick ratio of 2.00. The business's 50 day moving average is $32.20 and its 200 day moving average is $41.49. Methanex Co. has a 1 year low of $25.46 and a 1 year high of $56.43. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 14.47 and a beta of 0.93.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last released its earnings results on Wednesday, April 30th. The specialty chemicals company reported $1.30 EPS for the quarter, topping 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 company had revenue of $857.90 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $0.65 EPS. Methanex's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Methanex Co. will post 4.32 EPS for the current fiscal year.

Methanex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, June 16th. Methanex's dividend payout ratio is presently 24.83%.

Analyst Upgrades and Downgrades

MEOH has been the subject of several analyst reports. Raymond James decreased their target price on Methanex from $62.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their target price on Methanex from $55.00 to $50.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. StockNews.com downgraded Methanex from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Barclays decreased their target price on Methanex from $57.00 to $41.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, CIBC reduced their price target on Methanex from $47.00 to $44.00 and set an "outperformer" rating for the company in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.25.

Methanex Company Profile

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.