Nisa Investment Advisors LLC increased its stake in shares of NewMarket Corporation (NYSE:NEU – Free Report) by 651.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 706 shares of the specialty chemicals company’s stock after acquiring an additional 612 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NewMarket were worth $634,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Trust Co. of Vermont purchased a new stake in NewMarket in the 2nd quarter valued at $28,000. Johnson Financial Group Inc. bought a new position in NewMarket during the 2nd quarter valued at $64,000. Strs Ohio lifted its stake in NewMarket by 12.7% during the 1st quarter. Strs Ohio now owns 151 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 17 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in NewMarket by 113.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 156 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 83 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in NewMarket during the 2nd quarter worth $138,000. Institutional investors own 61.09% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on NEU. Weiss Ratings upgraded shares of NewMarket from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of NewMarket from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, NewMarket presently has an average rating of “Buy”.
View Our Latest Report on NewMarket
NewMarket Trading Down 0.3%
NYSE:NEU opened at $875.43 on Wednesday. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $981.66. The firm has a 50-day moving average price of $900.03 and a two-hundred day moving average price of $761.59.
NewMarket (NYSE:NEU – Get Free Report) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. The business had revenue of $747.09 million during the quarter.
NewMarket Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 15th.
NewMarket Profile
NewMarket Corporation (NYSE: NEU) is a holding company focused primarily on the development, manufacture and sale of petroleum additives. Its products are used to improve the performance, durability, efficiency and environmental characteristics of fuels, lubricants and other petroleum-based products.
NewMarket’s principal operating businesses include Afton Chemical Corporation and Ethyl Corporation. Afton Chemical develops and supplies additive packages and components for engine oils, transmission fluids, hydraulic fluids, fuels and other industrial applications.
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