Victory Capital Management Inc. Boosts Position in NewMarket Co. (NYSE:NEU)

Victory Capital Management Inc. increased its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,284 shares of the specialty chemicals company's stock after purchasing an additional 2,436 shares during the period. Victory Capital Management Inc. owned 0.21% of NewMarket worth $11,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its position in shares of NewMarket by 31.9% in the second quarter. Great Valley Advisor Group Inc. now owns 4,367 shares of the specialty chemicals company's stock valued at $2,251,000 after acquiring an additional 1,056 shares in the last quarter. Lazard Asset Management LLC boosted its position in NewMarket by 102.6% during the first quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company's stock worth $23,079,000 after acquiring an additional 18,413 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in NewMarket in the 2nd quarter valued at about $486,000. Van ECK Associates Corp lifted its stake in NewMarket by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company's stock worth $2,655,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in NewMarket by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company's stock worth $82,214,000 after purchasing an additional 12,110 shares in the last quarter. 61.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

NewMarket Trading Up 0.7 %

Shares of NewMarket stock opened at $538.36 on Thursday. The company has a fifty day simple moving average of $540.42 and a 200-day simple moving average of $541.91. NewMarket Co. has a 12-month low of $494.04 and a 12-month high of $650.00. 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 market cap of $5.17 billion, a price-to-earnings ratio of 11.96 and a beta of 0.50.

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

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket's payout ratio is 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.