NewMarket (NYSE:NEU) Hits New 12-Month Low - Should You Sell?

NewMarket Co. (NYSE:NEU - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $493.80 and last traded at $493.80, with a volume of 12163 shares traded. The stock had previously closed at $497.43.

NewMarket Trading Down 2.1 %

The business has a 50 day moving average of $536.60 and a 200-day moving average of $539.85. The stock has a market cap of $4.67 billion, a PE ratio of 10.81 and a beta of 0.50. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 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 for the quarter.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 2.05%. NewMarket's dividend payout ratio (DPR) is currently 22.21%.

Hedge Funds Weigh In On NewMarket

Several large investors have recently added to or reduced their stakes in NEU. Bank of Montreal Can lifted its holdings in shares of NewMarket by 4.7% during the 2nd quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company's stock worth $399,000 after acquiring an additional 33 shares during the period. Arizona State Retirement System raised its stake in NewMarket by 1.8% during the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company's stock worth $1,038,000 after purchasing an additional 36 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of NewMarket by 13.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company's stock valued at $210,000 after purchasing an additional 45 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of NewMarket by 3.0% during the 3rd quarter. Quantinno Capital Management LP now owns 1,675 shares of the specialty chemicals company's stock valued at $924,000 after buying an additional 48 shares during the period. Finally, CENTRAL TRUST Co raised its position in shares of NewMarket by 36.9% in the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company's stock worth $121,000 after buying an additional 59 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

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.