Insider Selling: Methanex Co. (MX) Director Sells 2,000 Shares of Stock
Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Mohamed Shindy sold 2,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$77.53, for a total transaction of C$155,060.00.
Mohamed Shindy also recently made the following trade(s):
- On Tuesday, August 7th, Mohamed Shindy sold 400 shares of Methanex stock. The stock was sold at an average price of C$72.98, for a total transaction of C$29,192.00.
Shares of MX stock traded up C$0.45 on Friday, hitting C$98.59. 126,806 shares of the company’s stock traded hands, compared to its average volume of 282,627. Methanex Co. has a one year low of C$61.30 and a one year high of C$101.52.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 30th. Investors of record on Sunday, September 16th will be issued a dividend of $0.434 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.74 annualized dividend and a dividend yield of 1.76%. This is a positive change from Methanex’s previous quarterly dividend of $0.43.
Several research firms recently commented on MX. Sanford C. Bernstein reduced their target price on shares of Methanex from C$44.64 to C$44.44 in a report on Friday, July 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$80.00 target price on shares of Methanex in a report on Wednesday, May 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$71.24.
Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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