Victory Capital Management Inc. Acquires 2,436 Shares of NewMarket Co. (NYSE:NEU)

Victory Capital Management Inc. raised its holdings in shares of NewMarket Co. (NYSE:NEU) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,284 shares of the specialty chemicals company’s stock after acquiring an additional 2,436 shares during the quarter. Victory Capital Management Inc. owned approximately 0.21% of NewMarket worth $11,195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NEU. Headlands Technologies LLC purchased a new position in shares of NewMarket during the second quarter valued at about $33,000. Quest Partners LLC purchased a new position in NewMarket in the second quarter worth about $38,000. Blue Trust Inc. boosted its position in shares of NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 65 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of NewMarket during the second quarter valued at approximately $54,000. Finally, EntryPoint Capital LLC boosted its position in shares of NewMarket by 29.6% during the first quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 40 shares during the period. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Performance

Shares of NEU stock opened at $538.36 on Thursday. The business’s fifty day simple moving average is $540.42 and its 200-day simple moving average is $541.91. The company has a market cap of $5.17 billion, a PE ratio of 11.88 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 Co. has a 12-month low of $494.04 and a 12-month high of $650.00.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

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.