Semanteon Capital Management LP Purchases 642 Shares of NewMarket Co. (NYSE:NEU)

Semanteon Capital Management LP raised its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,730 shares of the specialty chemicals company's stock after buying an additional 642 shares during the quarter. Semanteon Capital Management LP's holdings in NewMarket were worth $1,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NEU. Eagle Bay Advisors LLC bought a new stake in NewMarket in the fourth quarter valued at about $40,000. Centricity Wealth Management LLC acquired a new stake in NewMarket during the fourth quarter valued at approximately $56,000. Blue Trust Inc. grew its stake in shares of NewMarket by 55.3% in the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock valued at $65,000 after purchasing an additional 42 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of NewMarket in the 4th quarter worth approximately $74,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of NewMarket by 481.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company's stock worth $83,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Price Performance

Shares of NEU traded up $1.27 during trading hours on Tuesday, hitting $547.66. The stock had a trading volume of 54,613 shares, compared to its average volume of 34,442. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 11.36 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The company's fifty day moving average is $528.12 and its two-hundred day moving average is $532.98. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $638.21.

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NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $2.75 dividend. This is an increase from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date of this dividend is Monday, March 17th. This represents a $11.00 annualized dividend and a yield of 2.01%. NewMarket's payout ratio is presently 22.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

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.