Methanex Co. (NASDAQ:MEOH) Shares Sold by Moore Capital Management LP

Moore Capital Management LP reduced its stake in shares of Methanex Co. (NASDAQ:MEOH - Free Report) TSE: MX by 41.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,498 shares of the specialty chemicals company's stock after selling 93,014 shares during the period. Moore Capital Management LP owned approximately 0.19% of Methanex worth $6,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MEOH. Wellington Management Group LLP boosted its holdings in 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 valued at $241,549,000 after purchasing an additional 62,467 shares during the last quarter. FMR LLC grew its holdings in Methanex by 3.0% during the fourth quarter. FMR LLC now owns 3,330,889 shares of the specialty chemicals company's stock worth $166,384,000 after acquiring an additional 95,950 shares during the period. Vanguard Group Inc. grew its holdings in Methanex by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,116,860 shares of the specialty chemicals company's stock worth $105,779,000 after acquiring an additional 37,658 shares during the period. Dimensional Fund Advisors LP grew its holdings in Methanex by 5.0% during 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 acquiring an additional 50,075 shares during the period. Finally, Boston Partners grew its holdings in Methanex by 36.0% during the fourth quarter. Boston Partners now owns 989,534 shares of the specialty chemicals company's stock worth $49,393,000 after acquiring an additional 262,087 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Methanex Trading Up 0.2%

NASDAQ:MEOH traded up $0.08 on Friday, hitting $33.57. The stock had a trading volume of 278,620 shares, compared to its average volume of 390,068. The company has a fifty day moving average price of $32.32 and a two-hundred day moving average price of $41.54. The company has a quick ratio of 2.00, a current ratio of 2.62 and a debt-to-equity ratio of 1.01. 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 14.53 and a beta of 0.93.

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 EPS for the quarter, topping the consensus estimate of $1.25 by $0.05. Methanex had a net margin of 4.41% and a return on equity of 10.97%. The firm had revenue of $857.90 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $0.65 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts expect that Methanex Co. will post 4.32 earnings per share for the current fiscal year.

Methanex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.74 annualized dividend and a dividend yield of 2.20%. Methanex's dividend payout ratio is currently 24.83%.

Wall Street Analyst Weigh In

MEOH has been the subject of a number of recent analyst reports. Scotiabank raised shares of Methanex from a "sector perform" rating to a "sector outperform" rating and set a $53.00 price objective for the company in a report on Monday, May 5th. Raymond James cut their price objective on shares of Methanex from $62.00 to $40.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. StockNews.com cut shares of Methanex from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Royal Bank of Canada cut their price objective on shares of Methanex from $55.00 to $50.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Finally, Barclays cut their target price on shares of Methanex from $57.00 to $41.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.75.

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.