WBI Investments LLC Buys 1,280 Shares of NewMarket Corporation $NEU

Key Points

• WBI Investments LLC has increased its stake in NewMarket Corporation by 180.5%, acquiring an additional 1,280 shares, bringing its total holdings to 1,989 shares valued at approximately $1,127,000.
• NewMarket recently announced a quarterly dividend of $2.75 per share, with a dividend yield of 1.3%, to be paid on October 1st, after the record date of September 15th.
• NewMarket's stock price increased by 1.6% recently, with a current market capitalization of $7.87 billion and a trailing P/E ratio of 16.59.

WBI Investments LLC increased its stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 180.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,989 shares of the specialty chemicals company's stock after acquiring an additional 1,280 shares during the quarter. WBI Investments LLC's holdings in NewMarket were worth $1,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NEU. MassMutual Private Wealth & Trust FSB boosted its stake in NewMarket by 557.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in NewMarket by 587.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 47 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in NewMarket by 7,700.0% during the first quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA raised its holdings in NewMarket by 185.2% during the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 50 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NewMarket by 100.0% during 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 during the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Up 1.6%

NEU opened at $836.87 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The company's 50-day moving average is $757.53 and its 200 day moving average is $654.71. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $843.76. The firm has a market capitalization of $7.87 billion, a P/E ratio of 16.59 and a beta of 0.49.

NewMarket (NYSE:NEU - Get Free Report) last released 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 company 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 dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. NewMarket's dividend payout ratio (DPR) is presently 21.80%.

Wall Street Analyst Weigh In

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

NewMarket Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.