Corient Private Wealth LP Purchases Shares of 1,416 NewMarket Corporation $NEU

Corient Private Wealth LP acquired a new stake in NewMarket Corporation (NYSE:NEU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,416 shares of the specialty chemicals company's stock, valued at approximately $1,120,000.

A number of other hedge funds have also made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in NewMarket during the fourth quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of NewMarket in the 4th quarter valued at $27,000. Trust Co. of Vermont purchased a new stake in shares of NewMarket in the second quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 39 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of NewMarket by 50.0% in the 4th 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. Hedge funds and other institutional investors own 61.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NEU. Wall Street Zen raised NewMarket from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded NewMarket from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, NewMarket has an average rating of "Buy".

NewMarket Stock Down 1.5%

Shares of NYSE:NEU opened at $886.60 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $981.66. The company has a 50 day moving average of $849.57 and a two-hundred day moving average of $742.26. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 19.07 and a beta of 0.55.

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

NewMarket Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.4%. 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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