FMR LLC & Abigail Johnson Maintain 6.992% Stake in Methanex
Ticker: MEOH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 886977
| Field | Detail |
|---|---|
| Company | Methanex Corp (MEOH) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC still holds a big chunk of Methanex, showing they're sticking with it.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Methanex Corp. As of February 9, 2024, they collectively beneficially own 4,711,697 shares of common stock, representing 6.992% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their holdings, which matters to investors as it shows continued significant institutional interest in Methanex.
Why It Matters
This filing confirms a large institutional investor's continued significant stake in Methanex, signaling their ongoing confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can be a positive signal of long-term confidence, but this filing itself doesn't suggest immediate action beyond monitoring future ownership changes.
Key Numbers
- 4,711,697 — Shares Beneficially Owned (Represents the total common stock shares of Methanex Corp held by FMR LLC and Abigail P. Johnson.)
- 6.992% — Percent of Class (Indicates the significant portion of Methanex Corp's common stock owned by these reporting persons.)
Key Players & Entities
- FMR LLC (company) — the reporting person and parent holding company
- Abigail P. Johnson (person) — principal owner of FMR LLC, also reporting beneficial ownership
- METHANEX CORP (company) — the issuer of the common stock
- 4,711,697 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 6.992% (dollar_amount) — percentage of Methanex Corp's common stock owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Methanex Corp, likely above 5%, for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who filed this SC 13G/A amendment regarding Methanex Corp?
This SC 13G/A amendment was filed by FMR LLC and Abigail P. Johnson, as stated in Item 1 and Item 2(a) of the filing.
What is the total number of Methanex Corp common shares beneficially owned by FMR LLC and Abigail P. Johnson?
According to Item 4(a) and Item 7 for both reporting persons, they beneficially own a total of 4,711,697 shares of Methanex Corp common stock.
What percentage of Methanex Corp's common stock do FMR LLC and Abigail P. Johnson collectively own?
Item 4(b) and Item 11 for both reporting persons state that they collectively own 6.992% of Methanex Corp's common stock.
What is the CUSIP number for Methanex Corp's common stock mentioned in the filing?
The CUSIP number for Methanex Corp's common stock is 59151K108, as specified in the filing's header and Item 2(e).
What rule is FMR LLC filing this statement under?
FMR LLC is filing this statement pursuant to Rule 13d-1(b), as indicated by the checked box and Item 3 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding METHANEX CORP (MEOH).