Eagle Bay Advisors LLC Acquires New Position in NewMarket Co. (NYSE:NEU)

Eagle Bay Advisors LLC bought a new position in NewMarket Co. (NYSE:NEU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76 shares of the specialty chemicals company’s stock, valued at approximately $40,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in shares of NewMarket by 4.1% during the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock worth $127,132,000 after acquiring an additional 8,979 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of NewMarket by 64.7% during the 2nd quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company’s stock valued at $102,211,000 after buying an additional 77,908 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of NewMarket by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company’s stock valued at $94,314,000 after buying an additional 537 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in NewMarket by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock valued at $43,459,000 after acquiring an additional 7,719 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Performance

NEU stock opened at $490.87 on Tuesday. The firm has a 50 day moving average of $532.42 and a two-hundred day moving average of $538.82. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $650.00. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.90 and a beta of 0.50. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80.

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

NewMarket Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, December 16th. NewMarket’s payout ratio is 22.21%.

NewMarket 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.