BNP Paribas Financial Markets Grows Position in NewMarket Co. (NYSE:NEU)

BNP Paribas Financial Markets raised its holdings in NewMarket Co. (NYSE:NEU) by 115.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,415 shares of the specialty chemicals company’s stock after purchasing an additional 759 shares during the period. BNP Paribas Financial Markets’ holdings in NewMarket were worth $781,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NEU. Headlands Technologies LLC bought a new stake in NewMarket during the 2nd quarter valued at $33,000. Quest Partners LLC bought a new position in shares of NewMarket in the second quarter worth $38,000. Blue Trust Inc. raised its position in shares of NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after buying an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in NewMarket during the second quarter valued at $54,000. Finally, nVerses Capital LLC purchased a new position in NewMarket during the second quarter worth about $103,000. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

Shares of NEU opened at $537.80 on Thursday. 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 50-day moving average price of $536.60 and a 200-day moving average price of $540.38. The company has a market cap of $5.16 billion, a PE ratio of 11.94 and a beta of 0.50. NewMarket Co. has a 12-month low of $494.04 and a 12-month high of $650.00.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS 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 for the quarter.

NewMarket Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s payout ratio is currently 22.21%.

NewMarket 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.