Anfield Capital Management LLC Purchases New Holdings in NewMarket Corporation $NEU

Anfield Capital Management LLC bought a new stake in shares of NewMarket Corporation (NYSE:NEU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,802 shares of the specialty chemicals company’s stock, valued at approximately $2,321,000.

Several other institutional investors have also bought and sold shares of the company. Winnow Wealth LLC bought a new position in shares of NewMarket during the 3rd quarter worth $29,000. Root Financial Partners LLC purchased a new stake in NewMarket during the third quarter valued at about $30,000. Smartleaf Asset Management LLC boosted its position in NewMarket by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 45 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 25 shares during the period. Quent Capital LLC purchased a new position in shares of NewMarket in the third quarter worth about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Insider Buying and Selling at NewMarket

In other news, Director Ting Xu purchased 400 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average cost of $619.21 per share, for a total transaction of $247,684.00. Following the acquisition, the director directly owned 929 shares of the company’s stock, valued at $575,246.09. This represents a 75.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 19.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

NewMarket Stock Down 0.6%

Shares of NYSE:NEU opened at $625.34 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The firm has a market capitalization of $5.88 billion, a PE ratio of 14.08 and a beta of 0.48. The firm has a fifty day moving average of $669.46 and a 200 day moving average of $745.75. NewMarket Corporation has a 52-week low of $510.07 and a 52-week high of $875.97.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The company had revenue of $635.40 million during the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, March 16th. This represents a $12.00 annualized dividend and a yield of 1.9%. NewMarket’s dividend payout ratio is currently 27.01%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.