MetLife Investment Management LLC Boosts Holdings in NewMarket Co. (NYSE:NEU)

MetLife Investment Management LLC increased its position in NewMarket Co. (NYSE:NEU) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,951 shares of the specialty chemicals company’s stock after buying an additional 316 shares during the quarter. MetLife Investment Management LLC’s holdings in NewMarket were worth $2,181,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEU. Headlands Technologies LLC purchased a new position in NewMarket in the 2nd quarter valued at about $33,000. Quest Partners LLC acquired a new position in shares of NewMarket in the second quarter worth about $38,000. Blue Trust Inc. lifted its stake in shares of NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in NewMarket during the 2nd quarter valued at approximately $54,000. Finally, nVerses Capital LLC acquired a new stake in NewMarket during the 2nd quarter valued at approximately $103,000. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Performance

Shares of NEU opened at $542.34 on Friday. NewMarket Co. has a 52-week low of $494.04 and a 52-week high of $650.00. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 12.04 and a beta of 0.50. The business’s 50 day moving average is $537.33 and its two-hundred day moving average is $540.63.

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

NewMarket Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.84%. NewMarket’s dividend payout ratio (DPR) is 22.21%.

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.