Impact Capital Partners LLC Makes New Investment in NewMarket Co. (NYSE:NEU)

Impact Capital Partners LLC acquired a new position in NewMarket Co. (NYSE:NEU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 760 shares of the specialty chemicals company's stock, valued at approximately $402,000.

Several other hedge funds also recently added to or reduced their stakes in NEU. Assetmark Inc. lifted its stake in NewMarket by 0.6% during the fourth quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock worth $1,647,000 after purchasing an additional 20 shares in the last quarter. Atria Investments Inc lifted its stake in NewMarket by 1.6% during the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock worth $688,000 after purchasing an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in NewMarket by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after purchasing an additional 26 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in NewMarket by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company's stock worth $739,000 after purchasing an additional 35 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of NewMarket by 10.9% in the fourth quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock valued at $189,000 after acquiring an additional 35 shares in the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

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NewMarket Stock Up 0.8 %

Shares of NYSE NEU traded up $4.01 during mid-day trading on Tuesday, hitting $536.94. The company had a trading volume of 43,321 shares, compared to its average volume of 33,054. The company has a market capitalization of $5.09 billion, a PE ratio of 11.14 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $638.21. The business's 50-day simple moving average is $523.17 and its 200 day simple moving average is $533.73.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a $2.75 dividend. The ex-dividend date is Monday, March 17th. This is a boost from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 dividend on an annualized basis and a yield of 2.05%. NewMarket's dividend payout ratio (DPR) is currently 22.82%.

Analyst Ratings Changes

Separately, StockNews.com cut NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.

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.