Virtu Financial LLC Acquires Shares of 1,753 NewMarket Co. (NYSE:NEU)

Virtu Financial LLC acquired a new stake in shares of NewMarket Co. (NYSE:NEU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,753 shares of the specialty chemicals company’s stock, valued at approximately $957,000.

Several other large investors have also bought and sold shares of the stock. Treasurer of the State of North Carolina lifted its stake in NewMarket by 51.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 4,160 shares of the specialty chemicals company’s stock valued at $2,271,000 after acquiring an additional 1,421 shares in the last quarter. J. W. Coons Advisors LLC bought a new stake in shares of NewMarket during the 4th quarter worth $210,000. Parallel Advisors LLC raised its stake in shares of NewMarket by 9.4% during the 4th quarter. Parallel Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $337,000 after purchasing an additional 53 shares during the period. Franklin Resources Inc. raised its stake in shares of NewMarket by 10.9% during the 4th quarter. Franklin Resources Inc. now owns 3,068 shares of the specialty chemicals company’s stock worth $1,675,000 after purchasing an additional 301 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of NewMarket during the 4th quarter worth $908,000. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Performance

NewMarket stock traded down $6.43 during midday trading on Friday, reaching $523.70. The stock had a trading volume of 22,857 shares, compared to its average volume of 31,286. NewMarket Co. has a 12 month low of $396.07 and a 12 month high of $650.00. The firm’s 50-day moving average price is $555.62 and its 200 day moving average price is $576.21. The firm has a market capitalization of $5.02 billion, a PE ratio of 12.60 and a beta of 0.48. The company has a quick ratio of 1.60, a current ratio of 2.86 and a debt-to-equity ratio of 1.11.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 38.99% and a net margin of 14.82%. The business had revenue of $696.74 million for the quarter.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, June 14th. NewMarket’s dividend payout ratio is currently 24.06%.

Analysts Set New Price Targets

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 9th.

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.