372 Shares in NewMarket Co. (NYSE:NEU) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in shares of NewMarket Co. (NYSE:NEU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 372 shares of the specialty chemicals company’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of NewMarket in the second quarter worth about $33,000. Quest Partners LLC bought a new stake in NewMarket during the 2nd quarter worth approximately $38,000. Blue Trust Inc. lifted its holdings in NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of NewMarket in the second quarter worth approximately $54,000. Finally, nVerses Capital LLC purchased a new stake in shares of NewMarket in the second quarter worth $103,000. Institutional investors own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

NewMarket Price Performance

NYSE:NEU opened at $553.08 on Wednesday. The stock has a market cap of $5.31 billion, a PE ratio of 12.26 and a beta of 0.50. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The business’s 50-day simple moving average is $541.57 and its two-hundred day simple moving average is $541.45. NewMarket Co. has a 52 week low of $494.04 and a 52 week high of $650.00.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%. The company had revenue of $724.95 million for the quarter.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be issued a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

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.