Barclays PLC raised its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,813 shares of the specialty chemicals company's stock after purchasing an additional 1,235 shares during the period. Barclays PLC owned 0.05% of NewMarket worth $2,656,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in NewMarket in the 2nd quarter valued at approximately $33,000. Quest Partners LLC purchased a new position in shares of NewMarket in the second quarter valued at $38,000. Blue Trust Inc. raised its stake 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 purchasing an additional 65 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in NewMarket during the 2nd quarter worth about $54,000. Finally, nVerses Capital LLC bought a new position in NewMarket in the 2nd quarter worth about $103,000. Institutional investors own 61.09% of the company's stock.
NewMarket Price Performance
Shares of NEU traded up $5.37 during midday trading on Wednesday, hitting $529.42. 27,093 shares of the company traded hands, compared to its average volume of 35,481. NewMarket Co. has a one year low of $494.04 and a one year high of $650.00. The firm has a market cap of $5.08 billion, a P/E ratio of 11.76 and a beta of 0.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The stock has a 50-day moving average of $537.82 and a 200-day moving average of $540.16.
NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The business had revenue of $724.95 million for the quarter.
NewMarket Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket's dividend payout ratio is 22.21%.
NewMarket Company Profile
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Free Report)
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.
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