Dakota Wealth Management Purchases Shares of 710 NewMarket Corporation $NEU

Key Points

• Dakota Wealth Management purchased 710 shares of NewMarket Corporation, valued at approximately $490,000, during the second quarter.
• NewMarket's recent quarterly earnings reported $11.84 earnings per share, with a net margin of 17.28% and a revenue of $698.51 million.
• The company announced a quarterly dividend of $2.75, representing an annualized dividend of $11.00 and a yield of 1.3%, payable on October 1st.

Dakota Wealth Management purchased a new stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 710 shares of the specialty chemicals company's stock, valued at approximately $490,000.

Several other large investors have also added to or reduced their stakes in the company. CHICAGO TRUST Co NA purchased a new position in NewMarket during the second quarter valued at approximately $218,000. GAMMA Investing LLC lifted its holdings in NewMarket by 12.6% during the second 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. Silver Oak Securities Incorporated purchased a new position in NewMarket during the second quarter valued at approximately $494,000. Wealth Enhancement Advisory Services LLC lifted its holdings in NewMarket by 14.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 820 shares of the specialty chemicals company's stock valued at $605,000 after purchasing an additional 102 shares in the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of NewMarket during the second quarter valued at approximately $269,000. Hedge funds and other institutional investors own 61.09% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of NewMarket from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.

NewMarket Trading Up 0.4%

Shares of NEU opened at $829.28 on Monday. The company's fifty day moving average is $779.84 and its 200 day moving average is $679.15. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $854.75. The stock has a market capitalization of $7.80 billion, a PE ratio of 16.44 and a beta of 0.49. 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 announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, September 15th. NewMarket's payout ratio is currently 21.80%.

NewMarket Profile

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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