NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. 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. It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers. In addition, the company engages in the antiknock compounds business, as well as contracted manufacturing and services activities; and owns and manages a real property in Virginia. It operates in North America, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and India. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.
NewMarket Price Performance
Shares of NewMarket stock traded down $1.47 on Friday, hitting $300.30. 60,995 shares of the company traded hands, compared to its average volume of 31,132. The firm's 50-day simple moving average is $306.13 and its 200 day simple moving average is $319.28. The company has a market cap of $3.01 billion, a P/E ratio of 16.02 and a beta of 0.36. NewMarket has a 12-month low of $285.60 and a 12-month high of $378.63. The company has a current ratio of 2.60, a quick ratio of 1.43 and a debt-to-equity ratio of 1.26.
NewMarket Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, September 14th. NewMarket's dividend payout ratio (DPR) is presently 44.82%.
Analyst Ratings Changes
Separately, StockNews.com raised shares of NewMarket from a "buy" rating to a "strong-buy" rating in a research report on Thursday.