Methanex Co. (NASDAQ:MEOH) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,435 shares of the specialty chemicals company’s stock after acquiring an additional 8,333 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Methanex were worth $10,660,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. grew its position in shares of Methanex by 15.0% in the fourth quarter. Blue Trust Inc. now owns 2,845 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 371 shares during the period. Bank of Hawaii grew its position in shares of Methanex by 4.2% in the third quarter. Bank of Hawaii now owns 11,470 shares of the specialty chemicals company’s stock valued at $474,000 after purchasing an additional 465 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Methanex by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,015 shares of the specialty chemicals company’s stock valued at $101,000 after purchasing an additional 573 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Methanex in the third quarter valued at $40,000. Finally, Geode Capital Management LLC grew its position in shares of Methanex by 1.2% in the third quarter. Geode Capital Management LLC now owns 104,871 shares of the specialty chemicals company’s stock valued at $4,340,000 after purchasing an additional 1,203 shares during the period. 73.49% of the stock is owned by institutional investors and hedge funds.

Methanex Price Performance

Shares of NASDAQ MEOH opened at $37.44 on Friday. Methanex Co. has a 1-year low of $35.67 and a 1-year high of $56.43. The business has a 50-day moving average of $45.55 and a 200-day moving average of $44.36. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.62 and a quick ratio of 2.00. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.21 and a beta of 1.38.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued 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%. On average, equities analysts anticipate that Methanex Co. will post 4.32 EPS for the current fiscal year.

Methanex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, March 17th. Methanex’s payout ratio is 32.03%.

Wall Street Analyst Weigh In

MEOH has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $55.00 price objective on shares of Methanex in a research report on Friday, January 31st. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Raymond James lifted their price objective on Methanex from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. CIBC reissued an “outperform” rating on shares of Methanex in a research report on Monday, February 3rd. Finally, Barclays boosted their price target on Methanex from $54.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.63.

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.