Jupiter Topco LLC Takes Position in NewMarket Corporation $NEU

Jupiter Topco LLC bought a new stake in shares of NewMarket Corporation (NYSE:NEU) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,223 shares of the specialty chemicals company’s stock, valued at approximately $2,551,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 39 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of NewMarket by 1,442.4% during the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after purchasing an additional 476 shares in the last quarter. United Services Automobile Association bought a new stake in shares of NewMarket during the 1st quarter valued at about $266,000. Empowered Funds LLC increased its position in shares of NewMarket by 4.8% during the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock valued at $885,000 after buying an additional 72 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NewMarket by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock valued at $12,614,000 after buying an additional 1,995 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen raised NewMarket from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NewMarket currently has an average rating of “Buy”.

NewMarket Stock Performance

NewMarket stock opened at $911.16 on Thursday. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.38 billion, a P/E ratio of 19.60 and a beta of 0.55. The stock’s 50 day moving average is $845.70 and its 200 day moving average is $739.08. NewMarket Corporation has a twelve month low of $580.03 and a twelve month high of $981.66.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. The company had revenue of $747.09 million during the quarter. NewMarket had a return on equity of 24.62% and a net margin of 15.80%.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a dividend yield of 1.3%. NewMarket’s dividend payout ratio (DPR) is presently 25.82%.

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.