Methanex Co. (NASDAQ:MEOH) Stock Holdings Boosted by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. lifted its holdings in Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,216 shares of the specialty chemicals company’s stock after purchasing an additional 465 shares during the period. Methanex comprises 2.0% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 20th biggest holding. Westbourne Investment Advisors Inc. owned about 0.15% of Methanex worth $4,936,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Methanex by 1,158.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,271 shares of the specialty chemicals company’s stock worth $53,000 after acquiring an additional 1,170 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Methanex by 37.2% in the first quarter. Lazard Asset Management LLC now owns 1,114 shares of the specialty chemicals company’s stock valued at $60,000 after acquiring an additional 302 shares during the last quarter. State of Wyoming bought a new stake in Methanex in the fourth quarter worth approximately $92,000. Deutsche Bank AG bought a new position in shares of Methanex during the 4th quarter valued at $101,000. Finally, Citigroup Inc. lifted its stake in shares of Methanex by 43.3% in the 2nd quarter. Citigroup Inc. now owns 2,884 shares of the specialty chemicals company’s stock valued at $119,000 after purchasing an additional 871 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MEOH. TheStreet raised Methanex from a “c” rating to a “b-” rating in a research report on Thursday, January 11th. UBS Group upgraded shares of Methanex from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $60.00 in a research note on Thursday, February 8th. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price target on shares of Methanex in a report on Friday, December 1st. Raymond James lowered their price target on Methanex from $67.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Finally, Barclays increased their target price on Methanex from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Methanex presently has an average rating of “Moderate Buy” and an average price target of $53.50.

Methanex Stock Performance

MEOH stock traded down $0.41 during midday trading on Thursday, hitting $44.60. The stock had a trading volume of 88,643 shares, compared to its average volume of 268,908. Methanex Co. has a 52 week low of $38.18 and a 52 week high of $49.48. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.30 and a beta of 1.51. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $44.45 and a 200 day simple moving average of $43.97.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.24. The business had revenue of $922.00 million for the quarter, compared to analyst estimates of $901.21 million. Methanex had a net margin of 4.67% and a return on equity of 6.71%. As a group, equities research analysts anticipate that Methanex Co. will post 2.24 earnings per share for the current year.

Methanex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a $0.185 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.74 annualized dividend and a dividend yield of 1.66%. Methanex’s dividend payout ratio is currently 30.08%.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. 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. The company owns and manages a fleet of approximately 30 ocean-going vessels.