Public Employees Retirement System of Ohio Makes New Investment in NewMarket Corporation $NEU

Public Employees Retirement System of Ohio bought a new stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,849 shares of the specialty chemicals company's stock, valued at approximately $1,463,000.

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

Analysts Set New Price Targets

NEU has been the topic of several recent research reports. Wall Street Zen raised NewMarket from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings raised NewMarket from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

NewMarket Stock Performance

NEU stock opened at $886.60 on Tuesday. NewMarket Corporation has a one year low of $580.03 and a one year high of $981.66. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 19.07 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 2.25. The firm has a 50-day simple moving average of $851.46 and a two-hundred day simple moving average of $745.34.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share (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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. NewMarket's dividend payout ratio (DPR) is 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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