NewMarket Co. (NYSE:NEU) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in shares of NewMarket Co. (NYSE:NEU) by 5.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,186 shares of the specialty chemicals company’s stock after purchasing an additional 294 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NewMarket were worth $3,414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in NewMarket during the second quarter worth approximately $33,000. Quest Partners LLC purchased a new position in shares of NewMarket in the 2nd quarter valued at $38,000. Blue Trust Inc. lifted its holdings in shares of NewMarket by 590.9% during the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in NewMarket during the 2nd quarter worth $54,000. Finally, nVerses Capital LLC acquired a new stake in NewMarket in the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Trading Down 0.9 %

NYSE:NEU opened at $537.30 on Friday. The business’s 50-day moving average is $537.02 and its two-hundred day moving average is $540.50. The firm has a market capitalization of $5.16 billion, a PE ratio of 11.93 and a beta of 0.50. NewMarket Co. has a 12 month low of $494.04 and a 12 month high of $650.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50.

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

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.86%. NewMarket’s payout ratio is currently 22.21%.

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.