NewMarket Corporation (NEU) Position Boosted by YorkBridge Wealth Partners LLC
YorkBridge Wealth Partners LLC increased its position in NewMarket Corporation (NYSE:NEU) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 286 shares of the specialty chemicals company’s stock after purchasing an additional 4 shares during the period. YorkBridge Wealth Partners LLC’s holdings in NewMarket Corporation were worth $131,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NEU. Advisor Group Inc. boosted its stake in NewMarket Corporation by 6.7% in the 2nd quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 15 shares during the period. US Bancorp DE boosted 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 purchasing an additional 6 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in NewMarket Corporation in the 2nd quarter worth approximately $128,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NewMarket Corporation by 38.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 335 shares of the specialty chemicals company’s stock worth $152,000 after purchasing an additional 93 shares during the period. Finally, Waldron LP acquired a new position in NewMarket Corporation in the 1st quarter worth approximately $225,000. 55.33% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub lowered shares of NewMarket Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.
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NewMarket Corporation (NYSE:NEU) traded up 0.24% during trading on Friday, reaching $425.75. 29,204 shares of the company were exchanged. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 20.69 and a beta of 0.75. The firm has a 50-day moving average of $425.36 and a 200-day moving average of $449.78. NewMarket Corporation has a 52-week low of $386.90 and a 52-week high of $483.86.
NewMarket Corporation (NYSE:NEU) last issued its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.73 by ($0.44). NewMarket Corporation had a net margin of 11.57% and a return on equity of 46.94%. 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% on a year-over-year basis. On average, equities analysts forecast that NewMarket Corporation will post $20.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 14th. NewMarket Corporation’s payout ratio is presently 34.03%.
NewMarket Corporation Company 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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