3,223 Shares in NewMarket Corporation $NEU Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC purchased 3,223 shares of NewMarket, valued at approximately $2.55 million, establishing a new position in the specialty chemicals company during the second quarter.
• Institutional investors own 61.09% of NewMarket, while analysts have recently upgraded the stock and assigned it a consensus “Buy” rating.
• NewMarket reported quarterly revenue of $747.09 million and earnings of $14.54 per share, and announced a quarterly dividend of $3.00, equivalent to a 1.3% annualized yield.

Jupiter Topco LLC purchased 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 SEC. The firm purchased 3,223 shares of the specialty chemicals company's stock, valued at approximately $2,551,000.

A number of other hedge funds also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in NewMarket during the fourth quarter worth about $25,000. Trust Co. of Vermont purchased a new position in shares of NewMarket in the 2nd quarter worth about $28,000. International Assets Investment Management LLC bought a new position in shares of NewMarket during the 4th quarter valued at about $27,000. Quarry LP purchased a new position in shares of NewMarket during the 3rd quarter valued at about $52,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of NewMarket by 50.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company's stock valued at $52,000 after buying an additional 25 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

NewMarket Trading Up 0.9%

NYSE:NEU opened at $911.16 on Thursday. The firm has a market capitalization of $8.38 billion, a P/E ratio of 19.60 and a beta of 0.55. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $845.70 and a 200 day moving average of $739.08. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $981.66.

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

NewMarket Dividend Announcement

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

NewMarket Profile

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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