Jump Financial LLC Has $300,000 Position in Methanex Co. (NASDAQ:MEOH)

Jump Financial LLC decreased its stake in Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX by 84.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the specialty chemicals company's stock after selling 32,354 shares during the quarter. Jump Financial LLC's holdings in Methanex were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MEOH. Wellington Management Group LLP raised its position in Methanex by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 4,836,661 shares of the specialty chemicals company's stock valued at $241,549,000 after acquiring an additional 62,467 shares in the last quarter. FMR LLC raised its holdings in shares of Methanex by 3.0% during the 4th quarter. FMR LLC now owns 3,330,889 shares of the specialty chemicals company's stock valued at $166,384,000 after purchasing an additional 95,950 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Methanex by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,116,860 shares of the specialty chemicals company's stock valued at $105,779,000 after purchasing an additional 37,658 shares in the last quarter. Boston Partners lifted its stake in shares of Methanex by 36.0% in the 4th quarter. Boston Partners now owns 989,534 shares of the specialty chemicals company's stock valued at $49,393,000 after purchasing an additional 262,087 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Methanex by 7.0% in the fourth quarter. Bank of Montreal Can now owns 957,677 shares of the specialty chemicals company's stock worth $47,794,000 after purchasing an additional 62,693 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James lowered their target price on shares of Methanex from $62.00 to $40.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. StockNews.com cut Methanex from a "buy" rating to a "hold" rating in a research report on Thursday. UBS Group decreased their target price on 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 reaffirmed a "sector perform" rating and issued a $55.00 price target on shares of Methanex in a research report on Tuesday, April 1st. Finally, Scotiabank cut Methanex from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $66.00 to $53.00 in a research report on Monday, March 10th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.88.

Methanex Stock Performance

Shares of MEOH traded up $0.51 on Friday, reaching $32.88. 310,518 shares of the stock traded hands, compared to its average volume of 376,736. The stock's 50-day moving average price is $34.09 and its 200-day moving average price is $42.06. 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 firm has a market cap of $2.22 billion, a price-to-earnings ratio of 14.23 and a beta of 1.06. Methanex Co. has a 12 month low of $25.46 and a 12 month high of $56.43.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last issued its earnings results on Wednesday, April 30th. The specialty chemicals company reported $1.30 earnings per share (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 business had revenue of $857.90 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the firm posted $0.65 EPS. Methanex's quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts forecast that Methanex Co. will post 4.32 EPS for the current fiscal year.

Methanex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, June 16th. Methanex's dividend payout ratio is presently 32.03%.

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.