Methanex Corporation (USA) (MEOH) : Prudential Plc scooped up 46,900 additional shares in Methanex Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 17,510,018 shares of Methanex Corporation (USA) which is valued at $659,252,178.Methanex Corporation (USA) makes up approximately 2.54% of Prudential Plc’s portfolio.
Other Hedge Funds, Including , Kennedy Capital Management sold out all of its stake in MEOH during the most recent quarter. The investment firm sold 75,445 shares of MEOH which is valued $2,840,504.Emerald Acquisition Ltd. boosted its stake in MEOH in the latest quarter, The investment management firm added 69,934 additional shares and now holds a total of 919,152 shares of Methanex Corporation (USA) which is valued at $34,835,861. Methanex Corporation (USA) makes up approx 0.07% of Emerald Acquisition Ltd.’s portfolio.Boston Partners reduced its stake in MEOH by selling 3,520,640 shares or 55.03% in the most recent quarter. The Hedge Fund company now holds 2,877,160 shares of MEOH which is valued at $109,044,364. Methanex Corporation (USA) makes up approx 0.15% of Boston Partners’s portfolio.Aperio Group reduced its stake in MEOH by selling 11,581 shares or 12.98% in the most recent quarter. The Hedge Fund company now holds 77,615 shares of MEOH which is valued at $2,770,856. Methanex Corporation (USA) makes up approx 0.02% of Aperio Group’s portfolio. Spot Trading L.l.c sold out all of its stake in MEOH during the most recent quarter. The investment firm sold 18,320 shares of MEOH which is valued $678,756.
Methanex Corporation (USA) opened for trading at $37.65 and hit $38 on the upside on Monday, eventually ending the session at $37.95, with a gain of 0.53% or 0.2 points. The heightened volatility saw the trading volume jump to 4,55,687 shares. Company has a market cap of $3,408 M.
On the company’s financial health, Methanex Corporation (USA) reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $-0.18. The company had revenue of $510.00 million for the quarter, compared to analysts expectations of $503.90 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.
Investors should note that on Nov 17, 2016, Methanex Corporation (USA) announced a cash dividend of $0.2750. The company’s management has announced Dec 15, 2016 as the ex-dividend date and fixed the record date on Dec 17, 2016. The payable date has been fixed on Dec 31, 2016.
Many Wall Street Analysts have commented on Methanex Corporation (USA). Company shares were Downgraded by UBS on Oct 31, 2016 to ” Sell”, Firm has raised the Price Target to $ 31 from a previous price target of $28 .Methanex Corporation (USA) was Downgraded by CIBC to ” Sector Perform” on Oct 24, 2016. Methanex Corporation (USA) was Downgraded by Raymond James to ” Outperform” on Oct 3, 2016.
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific North America Europe and South America. The Company operates three production facilities in New Zealand which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad Titan and Atlas supply methanol markets in North America Europe Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt located on the Mediterranean Sea supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat Alberta supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.