NewMarket (NYSE:NEU) Hits New 52-Week Low - Time to Sell?

NewMarket Co. (NYSE:NEU - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $480.00 and last traded at $481.00, with a volume of 1712 shares. The stock had previously closed at $482.93.

NewMarket Price Performance

The company has a market capitalization of $4.71 billion, a PE ratio of 10.90 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. The stock has a fifty day simple moving average of $533.10 and a 200-day simple moving average of $538.96.

NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were given a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, December 16th. NewMarket's dividend payout ratio (DPR) is presently 22.21%.

Hedge Funds Weigh In On NewMarket

Institutional investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC purchased a new stake in NewMarket in the 4th quarter valued at approximately $40,000. ORG Partners LLC purchased a new stake in NewMarket in the 4th quarter valued at approximately $159,000. JPMorgan Chase & Co. boosted its holdings in NewMarket by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock valued at $27,917,000 after purchasing an additional 722 shares in the last quarter. DGS Capital Management LLC purchased a new stake in NewMarket in the 3rd quarter valued at approximately $212,000. Finally, Retirement Systems of Alabama boosted its stake in shares of NewMarket by 2.7% during the 3rd quarter. Retirement Systems of Alabama now owns 30,524 shares of the specialty chemicals company's stock worth $16,846,000 after acquiring an additional 799 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

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.