Dimensional Fund Advisors LP Buys 50,075 Shares of Methanex Co. (NASDAQ:MEOH)

Dimensional Fund Advisors LP increased its position in shares of Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,047,978 shares of the specialty chemicals company's stock after buying an additional 50,075 shares during the period. Dimensional Fund Advisors LP owned 1.56% of Methanex worth $52,334,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MEOH shares. Raymond James dropped their target price 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. Royal Bank of Canada reduced their target price on Methanex from $55.00 to $50.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. StockNews.com cut Methanex from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Scotiabank upgraded shares of Methanex from a "sector perform" rating to a "sector outperform" rating and set a $53.00 price target for the company in a research note on Monday. Finally, CIBC decreased their target price on shares of Methanex from $47.00 to $44.00 and set an "outperformer" rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Methanex presently has a consensus rating of "Moderate Buy" and an average target price of $46.88.

Methanex Stock Performance

Shares of Methanex stock traded up $0.40 on Thursday, reaching $32.77. The stock had a trading volume of 51,876 shares, compared to its average volume of 384,851. Methanex Co. has a fifty-two week low of $25.46 and a fifty-two week high of $56.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62. The stock has a market cap of $2.21 billion, a P/E ratio of 14.19 and a beta of 0.93. The business's 50-day moving average price is $33.16 and its two-hundred day moving average price is $41.82.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last issued its quarterly earnings data on Wednesday, April 30th. The specialty chemicals company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. The firm had revenue of $857.90 million for the quarter, compared to analysts' expectations of $1.06 billion. Methanex had a net margin of 4.41% and a return on equity of 10.97%. The company's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, sell-side analysts forecast that Methanex Co. will post 4.32 EPS for the current year.

Methanex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.74 annualized dividend and a yield of 2.26%. Methanex's dividend payout ratio (DPR) is presently 24.83%.

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.