10,544 Shares in Methanex Corporation $MEOH Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Methanex Corporation (NASDAQ:MEOH) (TSE:MX) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,544 shares of the specialty chemicals company’s stock, valued at approximately $419,000.

Several other institutional investors and hedge funds also recently modified their holdings of MEOH. Value Partners Investments Inc. raised its position in Methanex by 3.0% in the 3rd quarter. Value Partners Investments Inc. now owns 19,842 shares of the specialty chemicals company’s stock valued at $789,000 after buying an additional 570 shares during the last quarter. Amundi grew its stake in shares of Methanex by 3.9% during the 1st quarter. Amundi now owns 22,791 shares of the specialty chemicals company’s stock worth $800,000 after acquiring an additional 848 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Methanex by 21.9% in the second quarter. SBI Securities Co. Ltd. now owns 5,107 shares of the specialty chemicals company’s stock valued at $169,000 after purchasing an additional 917 shares during the last quarter. CWM LLC bought a new stake in shares of Methanex in the second quarter worth $33,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Methanex by 1,244.4% during the third quarter. Parkside Financial Bank & Trust now owns 1,331 shares of the specialty chemicals company’s stock worth $53,000 after purchasing an additional 1,232 shares during the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Methanex Price Performance

Shares of NASDAQ MEOH opened at $49.37 on Monday. The company has a quick ratio of 1.33, a current ratio of 2.09 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average price is $45.20 and its two-hundred day moving average price is $39.66. The company has a market cap of $3.82 billion, a PE ratio of 16.74 and a beta of 0.68. Methanex Corporation has a twelve month low of $25.46 and a twelve month high of $51.94.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.74 annualized dividend and a yield of 1.5%. Methanex’s dividend payout ratio (DPR) is currently 25.08%.

Wall Street Analyst Weigh In

MEOH has been the topic of several recent research reports. Canadian Imperial Bank of Commerce lowered shares of Methanex from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $46.00 to $52.00 in a research note on Friday, February 6th. Scotiabank restated an “outperform” rating on shares of Methanex in a report on Wednesday, January 21st. Royal Bank Of Canada upped their target price on Methanex from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Methanex in a research note on Monday, December 29th. Finally, UBS Group boosted their price target on Methanex from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Methanex Company Profile

Methanex Corporation is a Vancouver, Canada–based company and one of the world’s largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.

The company’s core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).