NewMarket Corporation $NEU Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of NewMarket Corporation (NYSE:NEU) by 10.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,133 shares of the specialty chemicals company’s stock after selling 241 shares during the period. Public Employees Retirement System of Ohio’s holdings in NewMarket were worth $1,474,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of NewMarket during the 1st quarter valued at about $257,000. Private Trust Co. NA grew its position in shares of NewMarket by 185.2% during the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 50 shares during the period. Farther Finance Advisors LLC boosted its holdings in NewMarket by 34.1% in the 1st quarter. Farther Finance Advisors LLC now owns 444 shares of the specialty chemicals company’s stock worth $252,000 after buying an additional 113 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in NewMarket by 45.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 718 shares of the specialty chemicals company’s stock worth $407,000 after buying an additional 223 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in NewMarket by 15.1% in the 1st quarter. Allianz Asset Management GmbH now owns 3,993 shares of the specialty chemicals company’s stock worth $2,262,000 after buying an additional 523 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NEU shares. Wall Street Zen cut NewMarket from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of NewMarket in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

NewMarket Stock Performance

Shares of NEU stock opened at $845.00 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66. The firm has a market cap of $7.94 billion, a P/E ratio of 16.75 and a beta of 0.45. The firm’s 50 day moving average price is $791.07 and its 200-day moving average price is $687.53. NewMarket Corporation has a one year low of $480.00 and a one year high of $854.75.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The company had revenue of $698.51 million for the quarter.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 15th. NewMarket’s dividend payout ratio (DPR) is currently 21.80%.

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.