NewMarket Corporation $NEU Stock Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in NewMarket Corporation (NYSE:NEU) by 651.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706 shares of the specialty chemicals company’s stock after buying an additional 612 shares during the period. Nisa Investment Advisors LLC’s holdings in NewMarket were worth $634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in NewMarket during the 2nd quarter worth approximately $556,339,000. Caisse de depot et placement du Quebec acquired a new stake in NewMarket in the second quarter valued at approximately $72,517,000. Bank of New York Mellon Corp acquired a new stake in NewMarket in the second quarter valued at approximately $56,245,000. Bank of America Corp DE acquired a new stake in NewMarket in the second quarter valued at approximately $48,146,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of NewMarket by 1,807.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 54,612 shares of the specialty chemicals company’s stock valued at $35,004,000 after acquiring an additional 51,749 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Trading Down 0.3%

Shares of NYSE NEU opened at $875.43 on Wednesday. The company has a 50-day moving average price of $900.03 and a 200-day moving average price of $761.59. NewMarket Corporation has a 1 year low of $580.03 and a 1 year high of $981.66.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. The business had revenue of $747.09 million for the quarter.

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a dividend of $3.00 per share. The ex-dividend date was Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 1.4%.

Analysts Set New Price Targets

NEU has been the topic of a number of research reports. Wall Street Zen raised NewMarket from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded NewMarket from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy”.

About NewMarket

NewMarket Corporation (NYSE: NEU) is a holding company focused primarily on the development, manufacture and sale of petroleum additives. Its products are used to improve the performance, durability, efficiency and environmental characteristics of fuels, lubricants and other petroleum-based products.

NewMarket’s principal operating businesses include Afton Chemical Corporation and Ethyl Corporation. Afton Chemical develops and supplies additive packages and components for engine oils, transmission fluids, hydraulic fluids, fuels and other industrial applications.