Fortune Financial Advisors LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 334 shares of the specialty chemicals company's stock, valued at approximately $231,000.
Other large investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in NewMarket by 2.1% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the specialty chemicals company's stock valued at $511,000 after buying an additional 15 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NewMarket by 13.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 198 shares of the specialty chemicals company's stock valued at $112,000 after acquiring an additional 23 shares during the period. GAMMA Investing LLC boosted its stake in shares of NewMarket by 12.6% in the 2nd quarter. GAMMA Investing LLC now owns 205 shares of the specialty chemicals company's stock valued at $142,000 after purchasing an additional 23 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of NewMarket by 4.0% in the 1st quarter. Federated Hermes Inc. now owns 722 shares of the specialty chemicals company's stock worth $409,000 after purchasing an additional 28 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of NewMarket by 39.2% in the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 29 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of NewMarket from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.
Get Our Latest Stock Analysis on NewMarket
NewMarket Stock Up 0.8%
Shares of NEU opened at $825.22 on Friday. The business's fifty day moving average price is $777.86 and its two-hundred day moving average price is $675.04. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 16.36 and a beta of 0.49. NewMarket Corporation has a 52 week low of $480.00 and a 52 week high of $854.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66.
NewMarket (NYSE:NEU - Get Free Report) last issued its earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The company had revenue of $698.51 million for the quarter.
NewMarket Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, September 15th. NewMarket's payout ratio is presently 21.80%.
NewMarket Profile
(
Free Report)
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.
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