Sequoia Financial Advisors LLC Buys Shares of 479 NewMarket Corporation $NEU

Sequoia Financial Advisors LLC bought a new stake in NewMarket Corporation (NYSE:NEU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 479 shares of the specialty chemicals company’s stock, valued at approximately $331,000.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in NewMarket by 587.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. Private Trust Co. NA increased its stake in NewMarket by 185.2% in the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 50 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 39 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in NewMarket in the second quarter valued at approximately $83,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of NewMarket by 13.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 198 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of NewMarket in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of NewMarket from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

NewMarket Stock Performance

Shares of NEU stock opened at $760.26 on Wednesday. The stock has a market cap of $7.14 billion, a P/E ratio of 15.07 and a beta of 0.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The company has a fifty day moving average price of $811.49 and a two-hundred day moving average price of $709.08. NewMarket Corporation has a one year low of $480.00 and a one year high of $875.97.

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

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a $2.75 dividend. The ex-dividend date was Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a yield of 1.4%. NewMarket’s dividend payout ratio (DPR) is currently 21.80%.

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.