Angeles Investment Advisors LLC Buys 1,390 Shares of Methanex Co. (NASDAQ:MEOH)

Angeles Investment Advisors LLC increased its stake in shares of Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,365 shares of the specialty chemicals company’s stock after buying an additional 1,390 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Methanex were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in shares of Methanex by 4,776.7% in the 4th quarter. Bank of New York Mellon Corp now owns 900,284 shares of the specialty chemicals company’s stock valued at $44,960,000 after buying an additional 881,823 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Methanex in the fourth quarter valued at about $38,301,000. Raymond James Financial Inc. bought a new position in Methanex during the fourth quarter worth about $14,327,000. Boston Partners grew its position in shares of Methanex by 36.0% during the 4th quarter. Boston Partners now owns 989,534 shares of the specialty chemicals company’s stock worth $49,393,000 after buying an additional 262,087 shares during the period. Finally, Highland Peak Capital LLC bought a new stake in shares of Methanex in the 4th quarter valued at about $10,400,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Stock Down 2.3 %

MEOH stock opened at $37.44 on Monday. Methanex Co. has a 1-year low of $35.67 and a 1-year high of $56.43. The business’s 50 day simple moving average is $45.55 and its 200 day simple moving average is $44.36. The company has a current ratio of 2.62, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $2.52 billion, a PE ratio of 16.21 and a beta of 1.38.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.94 by $0.30. Methanex had a net margin of 4.41% and a return on equity of 10.97%. As a group, research analysts anticipate that Methanex Co. will post 4.32 EPS for the current year.

Methanex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.74 annualized dividend and a yield of 1.98%. Methanex’s payout ratio is currently 32.03%.

Analyst Ratings Changes

A number of research firms recently weighed in on MEOH. Barclays raised their target price on shares of Methanex from $54.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Scotiabank downgraded Methanex from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $66.00 to $53.00 in a research report on Monday, March 10th. UBS Group increased their price target on Methanex from $53.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Raymond James increased their price objective on Methanex from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.