420 Shares in NewMarket Corporation $NEU Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 420 shares of the specialty chemicals company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. raised its stake in NewMarket by 5.6% during the 2nd quarter. Assetmark Inc. now owns 3,498 shares of the specialty chemicals company’s stock worth $2,417,000 after acquiring an additional 187 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of NewMarket by 2,501.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,639 shares of the specialty chemicals company’s stock worth $1,136,000 after acquiring an additional 1,576 shares during the last quarter. Brian Low Financial Group LLC purchased a new position in shares of NewMarket during the second quarter worth approximately $388,000. AlphaQuest LLC grew its position in shares of NewMarket by 65,800.0% during the second quarter. AlphaQuest LLC now owns 659 shares of the specialty chemicals company’s stock worth $455,000 after acquiring an additional 658 shares during the last quarter. Finally, Ethic Inc. grew its position in shares of NewMarket by 8.0% during the second quarter. Ethic Inc. now owns 2,799 shares of the specialty chemicals company’s stock worth $1,922,000 after acquiring an additional 208 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities 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 report on Saturday, August 30th. Weiss Ratings restated a “buy (b+)” rating on shares of NewMarket in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

NewMarket Trading Up 0.2%

Shares of NewMarket stock opened at $744.48 on Friday. NewMarket Corporation has a 52-week low of $480.00 and a 52-week high of $875.97. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $807.88 and its 200-day simple moving average is $719.42. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 14.76 and a beta of 0.45.

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

NewMarket Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.6%. This is an increase from NewMarket’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Monday, December 15th. NewMarket’s dividend payout ratio is 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.