NewMarket (NYSE:NEU) Sets New 12-Month Low – What’s Next?

NewMarket Co. (NYSE:NEU)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $493.80 and last traded at $493.80, with a volume of 12163 shares traded. The stock had previously closed at $497.43.

NewMarket Stock Up 0.9 %

The firm has a market capitalization of $4.70 billion, a P/E ratio of 10.88 and a beta of 0.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. The firm’s 50-day moving average is $534.75 and its 200 day moving average is $539.25.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The firm had revenue of $724.95 million for the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%.

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were given a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is currently 22.21%.

Institutional Investors Weigh In On NewMarket

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEU. Bank of Montreal Can increased its position in shares of NewMarket by 4.7% in the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock valued at $399,000 after acquiring an additional 33 shares during the last quarter. Arizona State Retirement System raised its stake in shares of NewMarket by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock worth $1,038,000 after purchasing an additional 36 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of NewMarket by 13.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock valued at $210,000 after buying an additional 45 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of NewMarket by 3.0% in the third quarter. Quantinno Capital Management LP now owns 1,675 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 48 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in NewMarket by 36.9% during the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 59 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.