NewMarket Corporation $NEU Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of NewMarket Corporation (NYSE:NEU) by 12.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,238 shares of the specialty chemicals company’s stock after purchasing an additional 3,453 shares during the period. Natixis Advisors LLC owned approximately 0.34% of NewMarket worth $22,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 39 shares during the period. NewEdge Advisors LLC grew its holdings in shares of NewMarket by 1,442.4% in the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock worth $288,000 after acquiring an additional 476 shares during the period. United Services Automobile Association acquired a new stake in shares of NewMarket in the 1st quarter worth approximately $266,000. Empowered Funds LLC grew its holdings in shares of NewMarket by 4.8% in the 1st quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after acquiring an additional 72 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NewMarket by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock worth $12,614,000 after acquiring an additional 1,995 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. 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 Performance

NEU opened at $789.09 on Friday. The stock has a market cap of $7.26 billion, a P/E ratio of 18.02 and a beta of 0.56. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37. The stock’s 50 day simple moving average is $688.73 and its 200 day simple moving average is $683.94. NewMarket Corporation has a 1-year low of $580.03 and a 1-year high of $875.97.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. The firm had revenue of $669.72 million for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, June 15th. NewMarket’s dividend payout ratio is 27.41%.

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.