2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC boosted its stake in shares of Methanex Co. ( NASDAQ:MEOH – Free Report ) (TSE:MX) by 26.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 7,220 shares of the specialty chemicals company’s stock after purchasing an additional 1,505 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Methanex were worth $348,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Headlands Technologies LLC grew its stake in shares of Methanex by 346.5% during the 1st quarter. Headlands Technologies LLC now owns 902 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 700 shares during the period.
Larson Financial Group LLC bought a new stake in Methanex during the first quarter valued at approximately $45,000. Blue Trust Inc. increased its holdings in Methanex by 52,500.
0% during the second quarter. Blue Trust Inc. now owns 1,578 shares of the specialty chemicals company’s stock valued at $70,000 after buying an additional 1,575 shares during the last quarter.
Value Partners Investments Inc. bought a new position in Methanex in the first quarter worth approximately $201,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Methanex during the 1st quarter worth $239,000.
Hedge funds and other institutional investors own 73.49% of the company’s stock. Analysts Set New Price Targets Several equities research analysts recently issued reports on MEOH shares.
Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 target price on shares of Methanex in a report on Tuesday, September 3rd. UBS Group reduced their price objective on shares of Methanex from $58.
00 to $54.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Jefferies Financial Group lifted their target price on shares of Methanex from $56.
00 to $60.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Piper Sandler increased their price target on Methanex from $51.
00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Barclays downgraded Methanex from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $56.
00 to $44.00 in a research report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.38. Methanex Stock Up 0.
6 % Shares of MEOH opened at $41.63 on Friday. The stock has a market capitalization of $2.
81 billion, a price-to-earnings ratio of 17.64 and a beta of 1.36.
Methanex Co. has a 1 year low of $36.13 and a 1 year high of $56.
43. The business’s 50 day simple moving average is $43.45 and its 200-day simple moving average is $47.
04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.
25 and a quick ratio of 0.87. Methanex ( NASDAQ:MEOH – Get Free Report ) (TSE:MX) last released its quarterly earnings results on Tuesday, July 30th.
The specialty chemicals company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.
10. Methanex had a return on equity of 5.44% and a net margin of 4.
05%. The company had revenue of $920.00 million for the quarter, compared to analyst estimates of $954.
26 million. During the same quarter in the prior year, the firm posted $0.60 EPS.
Methanex’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Methanex Co.
will post 2.41 earnings per share for the current fiscal year. Methanex Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th.
Investors of record on Monday, September 16th will be issued a $0.185 dividend. The ex-dividend date is Monday, September 16th.
This represents a $0.74 annualized dividend and a dividend yield of 1.78%.
Methanex’s payout ratio is currently 31.36%. Methanex Profile ( Free Report ) 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. Read More Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.
com's FREE daily email newsletter ..
