Insider Selling: Methanex Co. (MX) Director Sells 9,000 Shares of Stock
Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Wade Wiggins sold 9,000 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of C$77.00, for a total transaction of C$693,000.00.
Wade Wiggins also recently made the following trade(s):
- On Tuesday, August 28th, Wade Wiggins sold 9,900 shares of Methanex stock. The shares were sold at an average price of C$76.00, for a total transaction of C$752,400.00.
Shares of TSE:MX opened at C$102.17 on Friday. Methanex Co. has a 12 month low of C$61.30 and a 12 month high of C$102.39.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 30th. Investors of record on Sunday, September 16th will be issued a $0.434 dividend. This is an increase from Methanex’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.70%.
Separately, Sanford C. Bernstein lowered their price target on shares of Methanex from C$44.64 to C$44.44 in a report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Methanex has an average rating of “Hold” and a consensus target price of C$71.24.
Methanex Company Profile
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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