BlackRock Inc. Purchases 939 Shares of NewMarket Co. (NEU)

BlackRock Inc. grew its position in shares of NewMarket Co. (NYSE:NEU) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,650 shares of the specialty chemicals company’s stock after purchasing an additional 939 shares during the quarter. BlackRock Inc. owned approximately 6.48% of NewMarket worth $308,896,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of NewMarket by 32.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 890 shares of the specialty chemicals company’s stock valued at $359,000 after purchasing an additional 220 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of NewMarket by 13.3% during the 2nd quarter. Victory Capital Management Inc. now owns 10,643 shares of the specialty chemicals company’s stock valued at $4,305,000 after purchasing an additional 1,250 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of NewMarket by 6.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 50,329 shares of the specialty chemicals company’s stock valued at $20,217,000 after purchasing an additional 2,978 shares in the last quarter. Amalgamated Bank increased its holdings in shares of NewMarket by 16.3% during the 2nd quarter. Amalgamated Bank now owns 1,932 shares of the specialty chemicals company’s stock valued at $781,000 after purchasing an additional 271 shares in the last quarter. Finally, Taylor Hoffman Wealth Management increased its holdings in shares of NewMarket by 19.0% during the 2nd quarter. Taylor Hoffman Wealth Management now owns 2,971 shares of the specialty chemicals company’s stock valued at $1,202,000 after purchasing an additional 474 shares in the last quarter. 58.34% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of NewMarket from a “sell” rating to a “hold” rating in a report on Monday, August 20th.

NYSE:NEU opened at $397.81 on Friday. The company has a quick ratio of 1.83, a current ratio of 3.19 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.53 billion, a PE ratio of 22.27 and a beta of 0.71. NewMarket Co. has a 1-year low of $358.33 and a 1-year high of $437.63.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, August 8th. The specialty chemicals company reported $4.53 EPS for the quarter, missing the consensus estimate of $5.68 by ($1.15). The company had revenue of $599.00 million during the quarter, compared to analysts’ expectations of $601.00 million. NewMarket had a return on equity of 34.25% and a net margin of 7.72%. NewMarket’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.29 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, September 14th.

NewMarket Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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