955 Shares in NewMarket Corporation $NEU Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new stake in NewMarket Corporation (NYSE:NEU) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 955 shares of the specialty chemicals company’s stock, valued at approximately $612,000.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in NewMarket during the first quarter worth approximately $890,000. Janney Montgomery Scott LLC boosted its holdings in shares of NewMarket by 27.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 706 shares of the specialty chemicals company’s stock valued at $453,000 after buying an additional 153 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of NewMarket by 6.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,230 shares of the specialty chemicals company’s stock valued at $788,000 after buying an additional 70 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of NewMarket in the 1st quarter valued at $1,474,000. Finally, Silver Oak Securities Incorporated grew its position in shares of NewMarket by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,063 shares of the specialty chemicals company’s stock valued at $681,000 after buying an additional 30 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, NewMarket currently has a consensus rating of “Buy”.

NewMarket Stock Performance

Shares of NewMarket stock opened at $785.69 on Thursday. The firm’s fifty day simple moving average is $746.06 and its 200-day simple moving average is $688.64. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 17.95 and a beta of 0.56. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $875.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37.

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

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a dividend of $3.00 per share. The ex-dividend date was Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 1.5%. NewMarket’s dividend payout ratio is 27.41%.

NewMarket Company Profile

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.