NewMarket (NYSE:NEU) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of NewMarket (NYSE:NEU) from a buy rating to a strong-buy rating in a research note published on Thursday.

NewMarket Trading Up 0.1 %

NYSE NEU opened at $543.02 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.60 and a current ratio of 2.86. The firm has a market cap of $5.21 billion, a PE ratio of 13.06 and a beta of 0.51. NewMarket has a one year low of $389.18 and a one year high of $650.00. The firm’s fifty day moving average is $582.99 and its two-hundred day moving average is $573.77.

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

NewMarket Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.84%. NewMarket’s dividend payout ratio (DPR) is 24.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Treasurer of the State of North Carolina increased its stake in shares of NewMarket by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 2,739 shares of the specialty chemicals company’s stock worth $1,246,000 after acquiring an additional 20 shares during the period. UMB Bank n.a. increased its stake in shares of NewMarket by 64.5% during the first quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 20 shares during the period. Lindbrook Capital LLC increased its stake in shares of NewMarket by 35.6% during the fourth quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 21 shares during the period. EntryPoint Capital LLC increased its stake 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 worth $111,000 after acquiring an additional 40 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC increased its stake in shares of NewMarket by 4.0% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,075 shares of the specialty chemicals company’s stock worth $489,000 after acquiring an additional 41 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

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.