Natixis Advisors LLC Has $9.52 Million Stock Position in NewMarket Co. (NYSE:NEU)

Natixis Advisors LLC boosted its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 19.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,254 shares of the specialty chemicals company's stock after purchasing an additional 2,807 shares during the quarter. Natixis Advisors LLC owned about 0.18% of NewMarket worth $9,522,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. raised its stake in NewMarket by 64.7% during the second quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company's stock worth $102,211,000 after acquiring an additional 77,908 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in NewMarket by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company's stock worth $94,314,000 after acquiring an additional 537 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NewMarket by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company's stock worth $82,214,000 after acquiring an additional 12,110 shares in the last quarter. New York State Common Retirement Fund raised its stake in NewMarket by 14.4% during the third quarter. New York State Common Retirement Fund now owns 40,594 shares of the specialty chemicals company's stock worth $22,403,000 after acquiring an additional 5,100 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in NewMarket by 27.4% in the second quarter. HB Wealth Management LLC now owns 39,504 shares of the specialty chemicals company's stock worth $20,367,000 after purchasing an additional 8,496 shares during the period. 61.09% of the stock is owned by institutional investors.

NewMarket Trading Up 0.8 %

NEU traded up $4.05 during midday trading on Friday, reaching $540.38. 8,691 shares of the company were exchanged, compared to its average volume of 35,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. NewMarket Co. has a one year low of $494.04 and a one year high of $650.00. The stock has a market capitalization of $5.18 billion, a P/E ratio of 11.91 and a beta of 0.50. The stock's 50-day simple moving average is $539.69 and its 200 day simple moving average is $541.85.

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. NewMarket had a return on equity of 35.79% and a net margin of 15.57%. The business had revenue of $724.95 million during the quarter.

NewMarket Dividend Announcement

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 given a $2.50 dividend. The ex-dividend date is Monday, December 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.85%. NewMarket's dividend payout ratio is presently 22.21%.

Analysts Set New Price Targets

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

NewMarket Company 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.