Hartree Partners LP Sells 25,962 Shares of Methanex Co. (NASDAQ:MEOH)

Hartree Partners LP decreased its stake in shares of Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 20.8% during the 4th quarter, Holdings Channel reports. The firm owned 99,038 shares of the specialty chemicals company’s stock after selling 25,962 shares during the period. Methanex comprises about 1.8% of Hartree Partners LP’s investment portfolio, making the stock its 18th biggest position. Hartree Partners LP’s holdings in Methanex were worth $4,946,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Methanex in the third quarter valued at $40,000. Parkside Financial Bank & Trust grew its holdings in Methanex by 39.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,015 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 573 shares during the period. Blue Trust Inc. increased its position in Methanex by 15.0% during the fourth quarter. Blue Trust Inc. now owns 2,845 shares of the specialty chemicals company’s stock worth $142,000 after buying an additional 371 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Methanex in the fourth quarter valued at approximately $166,000. Finally, Signaturefd LLC boosted its stake in shares of Methanex by 15.0% during the 4th quarter. Signaturefd LLC now owns 3,452 shares of the specialty chemicals company’s stock worth $172,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Stock Performance

MEOH opened at $35.32 on Friday. The business’s fifty day moving average is $44.24 and its 200-day moving average is $44.17. The firm has a market cap of $2.38 billion, a P/E ratio of 15.29 and a beta of 1.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62. Methanex Co. has a 52-week low of $35.08 and a 52-week high of $56.43.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.30. Methanex had a return on equity of 10.97% and a net margin of 4.41%. Sell-side analysts expect that Methanex Co. will post 4.32 EPS for the current fiscal year.

Methanex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Monday, March 17th. Methanex’s dividend payout ratio is presently 32.03%.

Analyst Ratings Changes

MEOH has been the topic of a number of research analyst reports. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Scotiabank cut shares of Methanex from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $66.00 to $53.00 in a research note on Monday, March 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $55.00 price target on shares of Methanex in a research note on Friday, January 31st. UBS Group raised their price objective on shares of Methanex from $53.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Raymond James upped their target price on Methanex from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.63.

Methanex 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.