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

Barclays PLC raised its stake in NewMarket Co. (NYSE:NEU) by 34.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,813 shares of the specialty chemicals company’s stock after acquiring an additional 1,235 shares during the period. Barclays PLC owned approximately 0.05% of NewMarket worth $2,656,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NewMarket by 35.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the specialty chemicals company’s stock valued at $639,000 after purchasing an additional 321 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in NewMarket during the 2nd quarter valued at approximately $928,000. Van ECK Associates Corp increased its stake in NewMarket by 30.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,656 shares of the specialty chemicals company’s stock worth $1,885,000 after acquiring an additional 844 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of NewMarket during the 2nd quarter worth approximately $103,000. Finally, Natixis Advisors LLC boosted its position in shares of NewMarket by 40.9% during the 2nd quarter. Natixis Advisors LLC now owns 14,447 shares of the specialty chemicals company’s stock valued at $7,448,000 after acquiring an additional 4,190 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 1.0 %

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

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share 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 for the quarter.

NewMarket Announces Dividend

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 paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, December 16th. NewMarket’s payout ratio 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.