1,389 Shares in NewMarket Corporation $NEU Purchased by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC acquired a new position in shares of NewMarket Corporation (NYSE:NEU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,389 shares of the specialty chemicals company’s stock, valued at approximately $890,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in NewMarket during the third quarter worth $27,000. Los Angeles Capital Management LLC acquired a new position in NewMarket during the fourth quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in NewMarket during the fourth quarter worth approximately $27,000. Quarry LP bought a new stake in NewMarket in the third quarter valued at approximately $52,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in NewMarket by 50.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 25 shares during the period. 61.09% of the stock is owned by institutional investors.

NewMarket Trading Down 0.7%

Shares of NewMarket stock opened at $785.69 on Thursday. The firm has a 50-day moving average of $746.06 and a 200-day moving average of $688.64. The stock has a market cap of $7.23 billion, a PE ratio of 17.95 and a beta of 0.56. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $875.97. 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 (NYSE:NEU) last announced its earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. The company had revenue of $669.72 million for the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%.

NewMarket Dividend Announcement

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

Analyst Ratings Changes

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

NewMarket 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.