NewMarket (NYSE:NEU) Sets New 12-Month High - What's Next?

Key Points

• NewMarket Corporation's stock reached a new 52-week high at $806.98 during trading, with a market capitalization of $7.47 billion.
• The company recently reported quarterly earnings of $11.84 EPS and a revenue of $698.51 million, showcasing a net margin of 17.28%.
• A quarterly dividend of $2.75 will be paid on October 1st, with a yield of 1.4% and a payout ratio of 21.80%.

NewMarket Corporation (NYSE:NEU - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $806.98 and last traded at $800.71, with a volume of 88098 shares traded. The stock had previously closed at $800.70.

NewMarket Price Performance

The stock has a market capitalization of $7.47 billion, a P/E ratio of 15.76 and a beta of 0.45. The stock's fifty day moving average is $718.87 and its 200-day moving average is $630.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. The firm had revenue of $698.51 million during the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%.

NewMarket Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $2.75 dividend. The ex-dividend date is Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a yield of 1.4%. NewMarket's dividend payout ratio is currently 21.80%.

Institutional Investors Weigh In On NewMarket

A number of large investors have recently bought and sold shares of NEU. Vanguard Group Inc. lifted its position in NewMarket by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 744,723 shares of the specialty chemicals company's stock worth $421,848,000 after acquiring an additional 13,411 shares during the last quarter. LSV Asset Management raised its position in NewMarket by 27.8% in the second quarter. LSV Asset Management now owns 262,148 shares of the specialty chemicals company's stock worth $181,108,000 after purchasing an additional 57,101 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in NewMarket by 8.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company's stock worth $105,300,000 after purchasing an additional 15,155 shares in the last quarter. Dimensional Fund Advisors LP raised its position in NewMarket by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company's stock worth $89,938,000 after purchasing an additional 4,621 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in NewMarket by 20.1% in the second quarter. Geode Capital Management LLC now owns 156,613 shares of the specialty chemicals company's stock worth $108,212,000 after purchasing an additional 26,254 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors.

About NewMarket

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.