1,316 Shares in NewMarket Corporation $NEU Bought by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 1,316 NewMarket shares during the second quarter, valued at approximately $1.04 million. Hedge funds and other institutional investors collectively own 61.09% of NEU.
• Analysts have recently upgraded NewMarket, with Wall Street Zen and Weiss Ratings moving the stock to “buy”; MarketBeat reports a consensus “Buy” rating.
• NewMarket reported quarterly earnings of $14.54 per share on $747.09 million in revenue and announced a $3.00 quarterly dividend, representing a $12.00 annualized payout and a 1.3% yield.

Deutsche Bank AG acquired a new stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,316 shares of the specialty chemicals company's stock, valued at approximately $1,041,000.

Several other institutional investors and hedge funds have also bought and sold shares of NEU. Los Angeles Capital Management LLC bought a new position in shares of NewMarket in the 4th quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in NewMarket during the fourth quarter valued at approximately $27,000. Trust Co. of Vermont purchased a new stake in NewMarket during the second quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 39 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in NewMarket by 50.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company's stock worth $52,000 after acquiring an additional 25 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on NEU shares. Wall Street Zen upgraded shares of NewMarket from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Weiss Ratings raised NewMarket from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy".

NewMarket Trading Down 0.1%

NewMarket stock opened at $914.03 on Monday. NewMarket Corporation has a 12-month low of $580.03 and a 12-month high of $981.66. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 19.67 and a beta of 0.56. The firm has a 50 day moving average of $838.69 and a 200 day moving average of $734.18. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. The business had revenue of $747.09 million during the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 1.3%. NewMarket's dividend payout ratio is currently 25.82%.

About NewMarket

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.

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