NewMarket Corporation $NEU Position Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in NewMarket Corporation (NYSE:NEU) by 151.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,118 shares of the specialty chemicals company’s stock after purchasing an additional 2,479 shares during the period. Nisa Investment Advisors LLC’s holdings in NewMarket were worth $3,416,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC grew its stake in NewMarket by 2.1% in the second quarter. Parallel Advisors LLC now owns 740 shares of the specialty chemicals company’s stock worth $511,000 after purchasing an additional 15 shares in the last quarter. GAMMA Investing LLC lifted its holdings in NewMarket by 7.3% during the 3rd quarter. GAMMA Investing LLC now owns 220 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 15 shares during the last quarter. MAI Capital Management grew its position in shares of NewMarket by 20.8% in the 2nd quarter. MAI Capital Management now owns 122 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 21 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of NewMarket by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 703 shares of the specialty chemicals company’s stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of NewMarket by 2.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,110 shares of the specialty chemicals company’s stock valued at $767,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NewMarket in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

NewMarket Trading Down 0.6%

Shares of NYSE NEU opened at $719.23 on Tuesday. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $875.97. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 15.20 and a beta of 0.49. The company has a current ratio of 2.68, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $741.56 and its 200 day simple moving average is $762.06.

NewMarket (NYSE:NEU) last issued its earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share for the quarter. The firm had revenue of $690.31 million for the quarter. NewMarket had a return on equity of 28.53% and a net margin of 16.33%.

NewMarket Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were given a $3.00 dividend. The ex-dividend date was Monday, December 15th. This represents a $12.00 annualized dividend and a yield of 1.7%. This is a boost from NewMarket’s previous quarterly dividend of $2.75. NewMarket’s payout ratio is 25.35%.

About NewMarket

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.