Insider Selling: Methanex Co. (TSE:MX) Director Sells C$67,174.50 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Alejandro Larrive sold 1,000 shares of Methanex stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$67.17, for a total transaction of C$67,174.50.

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

• 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 transaction of C$72,160.00.
• On Tuesday, May 7th, Alejandro Larrive sold 1,000 shares of Methanex stock. The shares were sold at an average price of C$68.50, for a total value of C$68,500.00.

Methanex Price Performance

Methanex stock opened at C$66.20 on Thursday. The business has a 50 day simple moving average of C$68.75 and a 200 day simple moving average of C$63.99. The company has a debt-to-equity ratio of 136.07, a current ratio of 1.17 and a quick ratio of 1.59. The company has a market capitalization of C$4.46 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. Methanex Co. has a one year low of C$50.64 and a one year high of C$74.25.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.48. Methanex had a return on equity of 11.42% and a net margin of 4.64%. The company had revenue of C$1.23 billion during the quarter, compared to analysts’ expectations of C$1.23 billion. On average, sell-side analysts forecast that Methanex Co. will post 3.1736234 EPS for the current fiscal year.

Methanex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Methanex’s previous quarterly dividend of $0.25. This represents a $1.00 dividend on an annualized basis and a yield of 1.51%. Methanex’s payout ratio is 29.97%.

Methanex Company Profile

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.