Barclays PLC Buys 1,235 Shares of NewMarket Co. (NYSE:NEU)

Barclays PLC grew its stake in shares of NewMarket Co. (NYSE:NEU) by 34.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,813 shares of the specialty chemicals company’s stock after acquiring an additional 1,235 shares during the period. Barclays PLC’s holdings in NewMarket were worth $2,656,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NEU. Natixis Advisors LLC grew its holdings in NewMarket by 19.4% during the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock worth $9,522,000 after acquiring an additional 2,807 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of NewMarket during the second quarter valued at approximately $486,000. Van ECK Associates Corp increased its holdings in NewMarket by 40.0% during the third quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock valued at $2,655,000 after buying an additional 1,463 shares during the period. Dimensional Fund Advisors LP raised its stake in NewMarket by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock worth $82,214,000 after buying an additional 12,110 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in NewMarket during the second quarter worth $1,251,000. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Trading Up 1.0 %

Shares of NYSE:NEU opened at $529.42 on Wednesday. NewMarket Co. has a 12-month low of $494.04 and a 12-month high of $650.00. The business’s fifty day simple moving average is $537.76 and its 200-day simple moving average is $540.21. The company has a market capitalization of $5.08 billion, a PE ratio of 11.76 and a beta of 0.50. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80.

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

NewMarket Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 annualized dividend and a yield of 1.89%. NewMarket’s dividend payout ratio (DPR) is 22.21%.

About NewMarket

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.