JPMorgan Chase & Co. Has $27.92 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

JPMorgan Chase & Co. boosted its position in NewMarket Co. (NYSE:NEU) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 50,585 shares of the specialty chemicals company’s stock after buying an additional 722 shares during the quarter. JPMorgan Chase & Co.’s holdings in NewMarket were worth $27,917,000 at the end of the most recent reporting period.

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

NewMarket Stock Down 2.1 %

Shares of NYSE NEU opened at $486.81 on Wednesday. The company has a 50 day simple moving average of $536.60 and a 200 day simple moving average of $539.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a 1 year low of $484.12 and a 1 year high of $650.00. The firm has a market cap of $4.67 billion, a PE ratio of 10.81 and a beta of 0.50.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The company 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.05%. 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.