The Icon Advisers Inc. Co. Holds Position in Methanex Co. (MEOH)

The Icon Advisers Inc. Co. Holds Position in Methanex Co. (MEOH)

Several other hedge funds and other institutional investors have also bought and sold shares of MEOH. FMR LLC increased its stake in Methanex by 1,228.6% in the fourth quarter. FMR LLC now owns 2,566,902 shares of the specialty chemicals company’s stock worth $112,587,000 after buying an additional 2,373,698 shares during the period. Comerica Bank acquired a new stake in Methanex during the fourth quarter worth approximately $269,000. Russell Investments Group Ltd. acquired a new stake in Methanex during the fourth quarter worth approximately $41,444,000. Auxier Asset Management acquired a new stake in Methanex during the third quarter worth approximately $703,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its stake in Methanex by 28.2% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,162,867 shares of the specialty chemicals company’s stock worth $41,356,000 after buying an additional 255,926 shares during the last quarter. 86.42% of the stock is owned by institutional investors and hedge funds.

Icon Advisers Inc. Co. maintained its position in Methanex Co. (NASDAQ:MEOH) (TSE:MX) during the first quarter, according to its most recent filing with the SEC. The firm owned 9,939 shares of the specialty chemicals company’s stock at the end of the first quarter. Icon Advisers Inc. Co.’s holdings in Methanex were worth $466,000 at the end of the most recent reporting period.

Shares of Methanex Co. (MEOH) opened at 41.30 on Monday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 26.06 and a beta of 1.91. Methanex Co. has a 12-month low of $26.83 and a 12-month high of $53.35. The stock has a 50 day moving average of $43.85 and a 200 day moving average of $45.75.

Methanex (NASDAQ:MEOH) last posted its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.18. The business had revenue of $810 million during the quarter, compared to the consensus estimate of $833.32 million. Methanex had a negative return on equity of 1.82% and a negative net margin of 0.63%. Methanex’s revenue for the quarter was up 86.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. On average, equities analysts expect that Methanex Co. will post $4.68 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, June 14th. This is an increase from Methanex’s previous quarterly dividend of $0.28. Methanex’s payout ratio is -846.15%.

Methanex (NASDAQ:MEOH) last posted its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.18. The business had revenue of $810 million during the quarter, compared to the consensus estimate of $833.32 million. Methanex had a negative return on equity of 1.82% and a negative net margin of 0.63%. Methanex’s revenue for the quarter was up 86.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. On average, equities analysts expect that Methanex Co. will post $4.68 earnings per share for the current fiscal year. A number of equities research analysts have recently issued reports on the stock. Citigroup Inc restated a “neutral” rating and set a $45.00 price target (down previously from $50.00) on shares of Methanex in a report on Thursday. Cowen and Company restated an “outperform” rating and set a $60.00 price target (up previously from $57.00) on shares of Methanex in a report on Monday, March 6th. Scotiabank reaffirmed a “sector perform” rating and set a $71.00 price objective on shares of Methanex in a research report on Friday, April 21st. Zacks Investment Research downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Sanford C. Bernstein started coverage on shares of Methanex in a research report on Wednesday, May 10th. They set an “underperform” rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.08.

About Methanex Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MEOH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Methanex Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Methanex Co. and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment