Methanex Co. (TSE:MX) Director Alejandro Larrive Sells 1,000 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Alejandro Larrive sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of C$66.00, for a total value of C$66,003.30.

Alejandro Larrive also recently made the following trade(s):

• On Monday, June 24th, Alejandro Larrive sold 1,000 shares of Methanex stock. The shares were sold at an average price of C$67.17, for a total value of C$67,174.50.
• On Monday, May 13th, Alejandro Larrive sold 1,000 shares of Methanex stock. The stock was sold at an average price of C$72.16, for a total value of C$72,160.00.
• On Tuesday, May 7th, Alejandro Larrive sold 1,000 shares of Methanex stock. The stock was sold at an average price of C$68.50, for a total transaction of C$68,500.00.

Methanex Trading Up 0.1 %

Shares of MX opened at C$66.05 on Monday. Methanex Co. has a twelve month low of C$52.99 and a twelve month high of C$74.25. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 136.07. The company’s fifty day simple moving average is C$68.80 and its 200-day simple moving average is C$64.14. The company has a market cap of C$4.45 billion, a P/E ratio of 19.60, a P/E/G ratio of 0.44 and a beta of 1.91.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.48. The business had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.23 billion. Methanex had a return on equity of 11.42% and a net margin of 4.64%. As a group, analysts expect that Methanex Co. will post 3.1736234 EPS for the current year.

Methanex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. This is a boost from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, June 14th. Methanex’s dividend payout ratio is currently 29.97%.

About Methanex

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.