Impact Partnership Wealth LLC Invests $612,000 in NewMarket Corporation $NEU

Impact Partnership Wealth LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 955 shares of the specialty chemicals company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in NewMarket in the 4th quarter valued at $25,000. Ameriflex Group Inc. purchased a new stake in shares of NewMarket in the third quarter valued at about $27,000. International Assets Investment Management LLC purchased a new stake in shares of NewMarket in the fourth quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 39 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of NewMarket by 50.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 25 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Down 0.7%

NEU stock opened at $785.69 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $746.06 and its 200 day moving average price is $688.64. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $875.97. The company has a market cap of $7.23 billion, a P/E ratio of 17.95 and a beta of 0.56.

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 net margin of 15.25% and a return on equity of 24.12%. The company had revenue of $669.72 million during the quarter.

NewMarket Announces Dividend

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

Analysts Set New Price Targets

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