OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $2.52 Million in Methanex Corporation $MEOH

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,000 shares of the specialty chemicals company's stock, valued at approximately $2,516,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Methanex at the end of the most recent reporting period.A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Methanex by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,131,471 shares of the specialty chemicals company's stock worth $74,740,000 after acquiring an additional 14,611 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Methanex by 66.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,041,412 shares of the specialty chemicals company's stock worth $67,577,000 after buying an additional 814,877 shares during the period. Bank of New York Mellon Corp grew its position in Methanex by 35.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,377 shares of the specialty chemicals company's stock valued at $57,209,000 after buying an additional 451,728 shares in the last quarter. Mackenzie Financial Corp lifted its position in Methanex by 28.1% in the second quarter. Mackenzie Financial Corp now owns 1,568,264 shares of the specialty chemicals company's stock worth $51,960,000 after purchasing an additional 343,876 shares during the period. Finally, Encompass Capital Advisors LLC lifted its position in shares of Methanex by 86.0% during the 1st quarter. Encompass Capital Advisors LLC now owns 999,305 shares of the specialty chemicals company's stock valued at $35,066,000 after acquiring an additional 461,954 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company's stock. Analysts Set New Price TargetsMEOH has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Methanex in a report on Monday. Jefferies Financial Group upped their target price on shares of Methanex from $45.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Zacks Research downgraded shares of Methanex from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised Methanex from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $33.00 to $38.00 in a report on Friday, October 31st. Finally, CIBC restated an "outperform" rating on shares of Methanex in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Methanex has an average rating of "Moderate Buy" and a consensus target price of $46.55.View Our Latest Research Report on MethanexMethanex Price PerformanceShares of MEOH stock opened at $39.24 on Thursday. The company has a market capitalization of $3.03 billion, a PE ratio of 13.30 and a beta of 0.77. Methanex Corporation has a 12 month low of $25.46 and a 12 month high of $54.49. The firm's 50-day moving average is $36.44 and its two-hundred day moving average is $35.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.09 and a quick ratio of 1.33. Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last announced its earnings results on Wednesday, October 29th. The specialty chemicals company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.45). Methanex had a return on equity of 9.07% and a net margin of 5.97%.The company had revenue of $924.87 million for the quarter, compared to analysts' expectations of $977.82 million. During the same period last year, the business earned $1.21 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. Analysts predict that Methanex Corporation will post 4.32 earnings per share for the current year. Methanex Announces DividendThe business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, December 17th. Methanex's dividend payout ratio (DPR) is currently 25.08%. Methanex Profile (Free Report)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.Featured StoriesFive stocks we like better than MethanexWhat is the Nasdaq? Complete Overview with HistoryGameStop Looks Broken: Here’s Why GME Could Crash in 2026Dividend Capture Strategy: What You Need to KnowMarket Momentum: 3 Stocks Poised for Major BreakoutsAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?3 Reasons Casey’s General Stores Will Continue Trending HigherWant to see what other hedge funds are holding MEOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX.This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Methanex Right Now?Before you consider Methanex, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Methanex wasn't on the list.While Methanex currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here