nVerses Capital LLC Makes New Investment in NewMarket Co. (NYSE:NEU)

nVerses Capital LLC bought a new stake in shares of NewMarket Co. (NYSE:NEU) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 200 shares of the specialty chemicals company’s stock, valued at approximately $103,000.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in NewMarket by 30.0% during the 2nd quarter. Van ECK Associates Corp now owns 3,656 shares of the specialty chemicals company’s stock valued at $1,885,000 after buying an additional 844 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of NewMarket during the second quarter valued at approximately $928,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NewMarket by 35.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the specialty chemicals company’s stock valued at $639,000 after purchasing an additional 321 shares during the period. HB Wealth Management LLC grew its stake 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 in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in NewMarket by 112.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the specialty chemicals company’s stock worth $1,167,000 after purchasing an additional 1,195 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the sale, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $194,862.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.40% of the company’s stock.

NewMarket Stock Down 3.2 %

NYSE:NEU opened at $555.59 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. The firm has a market cap of $5.33 billion, a PE ratio of 13.37 and a beta of 0.47. The company has a 50-day moving average of $543.43 and a 200 day moving average of $566.66. NewMarket Co. has a 1-year low of $436.90 and a 1-year high of $650.00.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share for the quarter. The firm had revenue of $710.23 million during the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a dividend of $2.50 per share. The ex-dividend date is Monday, September 16th. This represents a $10.00 annualized dividend and a yield of 1.80%. NewMarket’s dividend payout ratio (DPR) is presently 24.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised NewMarket from a “buy” rating to a “strong-buy” rating in a research 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.