Global Retirement Partners LLC Takes $469,000 Position in NewMarket Corporation $NEU

Global Retirement Partners LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 679 shares of the specialty chemicals company’s stock, valued at approximately $469,000.

A number of other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its stake in shares of NewMarket by 587.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 47 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NewMarket by 100.0% during 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 buying an additional 39 shares during the period. ST Germain D J Co. Inc. purchased a new stake in NewMarket during the second quarter worth about $83,000. MAI Capital Management raised its position in NewMarket by 20.8% in the second quarter. MAI Capital Management now owns 122 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 21 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in NewMarket by 13.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 198 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Down 0.2%

Shares of NEU stock opened at $763.53 on Friday. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 15.13 and a beta of 0.46. The company’s fifty day simple moving average is $784.05 and its two-hundred day simple moving average is $744.50. NewMarket Corporation has a 1 year low of $480.00 and a 1 year high of $875.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share for the quarter. The company had revenue of $690.31 million during the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

NewMarket Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from NewMarket’s previous quarterly dividend of $2.75. The ex-dividend date is Monday, December 15th. NewMarket’s dividend payout ratio (DPR) is 25.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NEU shares. Wall Street Zen lowered shares of NewMarket from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings restated a “buy (b)” rating on shares of NewMarket in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NewMarket currently has an average rating of “Buy”.

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.