Natixis Advisors LLC Boosts Stake in NewMarket Corporation $NEU

Natixis Advisors LLC boosted its holdings in NewMarket Corporation (NYSE:NEU) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,785 shares of the specialty chemicals company’s stock after acquiring an additional 4,059 shares during the quarter. Natixis Advisors LLC owned 0.31% of NewMarket worth $23,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NEU. LSV Asset Management boosted its position in shares of NewMarket by 2.4% during the 3rd quarter. LSV Asset Management now owns 268,432 shares of the specialty chemicals company’s stock valued at $222,318,000 after acquiring an additional 6,284 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of NewMarket by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company’s stock worth $148,820,000 after purchasing an additional 2,049 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NewMarket by 20.1% in the second quarter. Geode Capital Management LLC now owns 156,613 shares of the specialty chemicals company’s stock worth $108,212,000 after purchasing an additional 26,254 shares during the last quarter. American Century Companies Inc. raised its stake in NewMarket by 13.3% in the third quarter. American Century Companies Inc. now owns 128,933 shares of the specialty chemicals company’s stock valued at $106,784,000 after purchasing an additional 15,179 shares in the last quarter. Finally, Norges Bank bought a new stake in NewMarket during the second quarter valued at approximately $51,515,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Insider Buying and Selling

In other NewMarket news, Director Ting Xu purchased 400 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were purchased at an average cost of $619.21 per share, with a total value of $247,684.00. Following the completion of the purchase, the director owned 929 shares of the company’s stock, valued at $575,246.09. The trade was a 75.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.10% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

NewMarket Trading Up 0.2%

Shares of NEU stock opened at $622.18 on Wednesday. The business has a 50-day moving average price of $658.75 and a two-hundred day moving average price of $738.09. NewMarket Corporation has a 12-month low of $510.07 and a 12-month high of $875.97. The company has a quick ratio of 1.33, a current ratio of 2.53 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.85 billion, a P/E ratio of 14.01 and a beta of 0.50.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $8.65 EPS for the quarter. The firm had revenue of $635.40 million for the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $12.00 annualized dividend and a yield of 1.9%. NewMarket’s dividend payout ratio is currently 27.01%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.