Thompson Siegel & Walmsley LLC continued to hold its stake in shares of NewMarket Corporation (NYSE:NEU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,576 shares of the specialty chemicals company’s stock at the end of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in NewMarket Corporation were worth $726,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE raised its stake in NewMarket Corporation by 2.5% in the 1st quarter. US Bancorp DE now owns 245 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 6 shares during the last quarter. Bank of Montreal Can raised its stake in shares of NewMarket Corporation by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 1,123 shares of the specialty chemicals company’s stock valued at $518,000 after buying an additional 10 shares during the last quarter. World Asset Management Inc raised its stake in shares of NewMarket Corporation by 2.0% during the 2nd quarter. World Asset Management Inc now owns 619 shares of the specialty chemicals company’s stock valued at $285,000 after buying an additional 12 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of NewMarket Corporation by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 758 shares of the specialty chemicals company’s stock valued at $349,000 after buying an additional 14 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of NewMarket Corporation by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 573 shares of the specialty chemicals company’s stock valued at $264,000 after buying an additional 16 shares during the last quarter. 55.53% of the stock is currently owned by institutional investors.
Separately, BidaskClub cut NewMarket Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th.
Shares of NewMarket Corporation (NYSE:NEU) traded up 0.03% during mid-day trading on Friday, reaching $421.91. The company’s stock had a trading volume of 7,478 shares. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 20.51 and a beta of 0.75. The firm’s 50 day moving average price is $428.90 and its 200-day moving average price is $450.01. NewMarket Corporation has a 1-year low of $386.90 and a 1-year high of $483.86.
NewMarket Corporation (NYSE:NEU) last posted its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.73 by ($0.44). NewMarket Corporation had a return on equity of 46.94% and a net margin of 11.57%. The firm had revenue of $547.20 million during the quarter, compared to the consensus estimate of $570.10 million. During the same period in the previous year, the company posted $5.50 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that NewMarket Corporation will post $20.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 14th. NewMarket Corporation’s dividend payout ratio is currently 34.03%.
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NewMarket Corporation Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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