Larson Financial Group LLC Purchases 164 Shares of NewMarket Co. (NYSE:NEU)

Larson Financial Group LLC lifted its stake in shares of NewMarket Co. (NYSE:NEU) by 51.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 482 shares of the specialty chemicals company’s stock after acquiring an additional 164 shares during the quarter. Larson Financial Group LLC’s holdings in NewMarket were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NEU. Pacer Advisors Inc. grew its stake 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 acquiring an additional 77,908 shares during the period. International Assets Investment Management LLC grew its stake in shares of NewMarket by 55,089.7% during the 3rd quarter. International Assets Investment Management LLC now owns 21,524 shares of the specialty chemicals company’s stock valued at $11,879,000 after acquiring an additional 21,485 shares during the period. Millennium Management LLC grew its stake in shares of NewMarket by 5,480.4% during the 2nd quarter. Millennium Management LLC now owns 18,192 shares of the specialty chemicals company’s stock valued at $9,379,000 after acquiring an additional 17,866 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of NewMarket by 170.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,633 shares of the specialty chemicals company’s stock valued at $12,184,000 after acquiring an additional 14,902 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of NewMarket by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock valued at $82,214,000 after acquiring an additional 12,110 shares during the period. 61.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

NewMarket Stock Down 0.3 %

NYSE NEU opened at $540.97 on Thursday. The stock’s 50 day moving average is $538.69 and its 200 day moving average is $541.18. 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. The stock has a market cap of $5.19 billion, a PE ratio of 12.01 and a beta of 0.50.

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

NewMarket Dividend Announcement

The company 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. The ex-dividend date is Monday, December 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.85%. NewMarket’s dividend payout ratio (DPR) 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.