Virtu Financial LLC Invests $1.20 Million in NewMarket Corporation $NEU

Virtu Financial LLC purchased a new position in NewMarket Corporation (NYSE:NEU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,740 shares of the specialty chemicals company’s stock, valued at approximately $1,195,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEU. GAMMA Investing LLC raised its stake in shares of NewMarket by 6.8% during the fourth quarter. GAMMA Investing LLC now owns 235 shares of the specialty chemicals company’s stock valued at $162,000 after acquiring an additional 15 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in NewMarket by 5.8% during the third quarter. OneDigital Investment Advisors LLC now owns 329 shares of the specialty chemicals company’s stock valued at $273,000 after purchasing an additional 18 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of NewMarket by 5.5% in the 4th quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock worth $252,000 after buying an additional 19 shares during the last quarter. Abel Hall LLC increased its position in shares of NewMarket by 6.3% during the fourth quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company’s stock worth $230,000 after purchasing an additional 20 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in NewMarket by 4.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 553 shares of the specialty chemicals company’s stock valued at $380,000 after buying an additional 22 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Down 0.4%

NYSE NEU opened at $777.28 on Friday. The business has a fifty day moving average price of $722.47 and a 200 day moving average price of $687.47. The company has a market cap of $7.15 billion, a P/E ratio of 17.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55. NewMarket Corporation has a one year low of $580.03 and a one year high of $875.97.

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

NewMarket Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

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.