NewMarket Co. (NYSE:NEU) Stock Position Lifted by Fmr LLC

Fmr LLC boosted its stake in NewMarket Co. (NYSE:NEU) by 51.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 675 shares of the specialty chemicals company’s stock after buying an additional 230 shares during the quarter. Fmr LLC’s holdings in NewMarket were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEU. Headlands Technologies LLC acquired a new stake in shares of NewMarket during the 2nd quarter valued at about $33,000. Quest Partners LLC acquired a new stake in NewMarket in the second quarter valued at approximately $38,000. Blue Trust Inc. grew its position in NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in NewMarket in the second quarter worth approximately $54,000. Finally, nVerses Capital LLC acquired a new position in shares of NewMarket during the 2nd quarter worth $103,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Up 0.4 %

NewMarket stock opened at $524.20 on Friday. The company has a market capitalization of $5.03 billion, a P/E ratio of 11.64 and a beta of 0.50. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00. The firm’s fifty day simple moving average is $537.84 and its 200-day simple moving average is $540.41. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The company 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 annualized dividend and a yield of 1.91%. NewMarket’s dividend payout ratio (DPR) is currently 22.21%.

NewMarket 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.