Public Employees Retirement System of Ohio Acquires 153 Shares of NewMarket Corporation (NEU)
Public Employees Retirement System of Ohio raised its holdings in NewMarket Corporation (NYSE:NEU) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,227 shares of the specialty chemicals company’s stock after purchasing an additional 153 shares during the period. Public Employees Retirement System of Ohio’s holdings in NewMarket Corporation were worth $1,486,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in NEU. OppenheimerFunds Inc. lifted its holdings in shares of NewMarket Corporation by 20.7% in the first quarter. OppenheimerFunds Inc. now owns 1,212 shares of the specialty chemicals company’s stock valued at $549,000 after purchasing an additional 208 shares in the last quarter. FMR LLC purchased a new stake in shares of NewMarket Corporation in the first quarter valued at about $317,000. Teachers Advisors LLC lifted its holdings in shares of NewMarket Corporation by 32.8% in the first quarter. Teachers Advisors LLC now owns 12,364 shares of the specialty chemicals company’s stock valued at $5,604,000 after purchasing an additional 3,052 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of NewMarket Corporation by 10.1% in the first quarter. Thrivent Financial For Lutherans now owns 1,750 shares of the specialty chemicals company’s stock valued at $793,000 after purchasing an additional 160 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NewMarket Corporation by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 65,644 shares of the specialty chemicals company’s stock valued at $29,751,000 after purchasing an additional 2,883 shares in the last quarter. 55.42% of the stock is currently owned by institutional investors.
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Shares of NewMarket Corporation (NYSE:NEU) opened at $400.80 on Tuesday. NewMarket Corporation has a fifty-two week low of $382.04 and a fifty-two week high of $483.86. The stock has a market cap of $4,704.50, a PE ratio of 20.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.74 and a quick ratio of 1.50.
NewMarket Corporation (NYSE:NEU) last announced its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.70 by ($0.66). NewMarket Corporation had a net margin of 10.85% and a return on equity of 41.70%. The business had revenue of $584.41 million during the quarter, compared to analysts’ expectations of $546.40 million. During the same period last year, the company earned $6.00 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, December 14th. NewMarket Corporation’s payout ratio is 35.75%.
Separately, BidaskClub downgraded shares of NewMarket Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.
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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