Great Valley Advisor Group Inc. Has $4.12 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

Great Valley Advisor Group Inc. raised its stake in NewMarket Co. (NYSE:NEU - Free Report) by 70.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,465 shares of the specialty chemicals company's stock after buying an additional 3,098 shares during the quarter. Great Valley Advisor Group Inc. owned 0.08% of NewMarket worth $4,119,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NEU. Headlands Technologies LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at $33,000. Quest Partners LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at $38,000. Blue Trust Inc. raised its stake in shares of NewMarket by 590.9% in the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company's stock valued at $39,000 after buying an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at $54,000. Finally, nVerses Capital LLC acquired a new stake in shares of NewMarket during the 2nd quarter worth about $103,000. Institutional investors and hedge funds own 61.09% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised NewMarket from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th.

NewMarket Stock Up 1.2 %

Shares of NEU traded up $6.32 on Friday, hitting $542.65. The company's stock had a trading volume of 24,604 shares, compared to its average volume of 21,218. 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 firm's fifty day moving average price is $539.39 and its 200-day moving average price is $541.63. NewMarket Co. has a fifty-two week low of $494.04 and a fifty-two week high of $650.00. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 12.05 and a beta of 0.50.

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

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket's dividend 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.