KBC Group NV Has $157,000 Position in NewMarket Corporation $NEU

KBC Group NV lessened its holdings in NewMarket Corporation (NYSE:NEU) by 31.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227 shares of the specialty chemicals company’s stock after selling 105 shares during the quarter. KBC Group NV’s holdings in NewMarket were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEU. Sequoia Financial Advisors LLC bought a new position in NewMarket during the second quarter worth about $331,000. Allianz Asset Management GmbH raised its holdings in shares of NewMarket by 15.1% in the 1st quarter. Allianz Asset Management GmbH now owns 3,993 shares of the specialty chemicals company’s stock worth $2,262,000 after buying an additional 523 shares in the last quarter. Cerity Partners LLC bought a new position in shares of NewMarket during the 1st quarter worth approximately $293,000. Prime Capital Investment Advisors LLC acquired a new stake in NewMarket in the 2nd quarter valued at $209,000. Finally, AlphaQuest LLC boosted its stake in NewMarket by 65,800.0% in the 2nd quarter. AlphaQuest LLC now owns 659 shares of the specialty chemicals company’s stock valued at $455,000 after buying an additional 658 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

NewMarket stock opened at $753.00 on Thursday. The business’s fifty day moving average is $794.32 and its two-hundred day moving average is $738.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66. The firm has a market cap of $7.08 billion, a P/E ratio of 14.93 and a beta of 0.46. NewMarket Corporation has a 52 week low of $480.00 and a 52 week high of $875.97.

NewMarket (NYSE:NEU) last released 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 return on equity of 32.25% and a net margin of 17.28%.The business had revenue of $690.31 million during the quarter.

NewMarket Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on NEU. Weiss Ratings reiterated a “buy (b)” rating on shares of NewMarket in a research note on Monday. Wall Street Zen cut shares of NewMarket from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

About NewMarket

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.