Vanguard Group Inc. Buys 13,411 Shares of NewMarket Corporation $NEU

Key Points

• Vanguard Group Inc. increased its stake in NewMarket Corporation by 1.8%, owning 744,723 shares worth approximately $421.85 million as of the latest SEC filing.
• NewMarket announced a quarterly dividend of $2.75 per share, with an annualized dividend of $11.00 and a dividend yield of 1.4%.
• The company reported $11.84 earnings per share for the last quarter, with a revenue of $698.51 million and a net margin of 17.28%.

Vanguard Group Inc. grew its holdings in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 744,723 shares of the specialty chemicals company's stock after buying an additional 13,411 shares during the quarter. Vanguard Group Inc. owned 7.89% of NewMarket worth $421,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Argent Trust Co lifted its stake in NewMarket by 34.6% during the first quarter. Argent Trust Co now owns 626 shares of the specialty chemicals company's stock worth $355,000 after purchasing an additional 161 shares during the last quarter. LSV Asset Management lifted its stake in NewMarket by 1.0% during the first quarter. LSV Asset Management now owns 205,047 shares of the specialty chemicals company's stock worth $116,149,000 after purchasing an additional 2,121 shares during the last quarter. US Bancorp DE lifted its stake in NewMarket by 23.0% during the first quarter. US Bancorp DE now owns 353 shares of the specialty chemicals company's stock worth $200,000 after purchasing an additional 66 shares during the last quarter. Natixis Advisors LLC lifted its stake in NewMarket by 11.5% during the first quarter. Natixis Advisors LLC now owns 21,675 shares of the specialty chemicals company's stock worth $12,278,000 after purchasing an additional 2,239 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in NewMarket during the first quarter worth $542,000. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

NYSE NEU traded up $2.51 during trading hours on Tuesday, hitting $774.86. The company had a trading volume of 13,938 shares, compared to its average volume of 74,762. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $781.69. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $708.13 and a 200-day simple moving average of $622.77. The firm has a market cap of $7.28 billion, a P/E ratio of 15.36 and a beta of 0.45.

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 for the quarter. The firm had revenue of $698.51 million for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

NewMarket Announces Dividend

The business 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. The ex-dividend date is Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.4%. NewMarket's dividend payout ratio (DPR) is 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.