NEU has been the subject of a number of other research reports. Zacks Investment Research lowered shares of NewMarket Corp. from a buy rating to a hold rating in a research note on Wednesday, September 28th. Longbow Research downgraded shares of NewMarket Corp. from a buy rating to a neutral rating in a report on Friday, July 29th.
Shares of NewMarket Corp. (NYSE:NEU) traded down 0.02% during trading on Friday, hitting $429.22. 4,656 shares of the stock were exchanged. The stock has a market cap of $5.09 billion, a P/E ratio of 21.22 and a beta of 0.93. NewMarket Corp. has a 12-month low of $322.54 and a 12-month high of $447.97. The stock has a 50-day moving average of $428.46 and a 200 day moving average of $412.62.
NewMarket Corp. (NYSE:NEU) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.45 by $0.05. The business earned $521.80 million during the quarter, compared to analyst estimates of $556.60 million. NewMarket Corp. had a net margin of 11.80% and a return on equity of 62.23%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.65 earnings per share. Equities analysts predict that NewMarket Corp. will post $20.30 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, September 13th. NewMarket Corp.’s dividend payout ratio is presently 31.64%.
A number of institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC purchased a new position in shares of NewMarket Corp. during the first quarter valued at about $90,744,000. Advisor Group Inc. purchased a new position in shares of NewMarket Corp. during the second quarter valued at about $121,000. Fuller & Thaler Asset Management Inc. increased its position in shares of NewMarket Corp. by 697.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 343 shares of the company’s stock valued at $142,000 after buying an additional 300 shares during the period. World Asset Management Inc purchased a new position in shares of NewMarket Corp. during the second quarter valued at about $201,000. Finally, National Planning Corp purchased a new position in shares of NewMarket Corp. during the first quarter valued at about $202,000. 58.47% of the stock is owned by hedge funds and other institutional investors.
NewMarket Corp. 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). It operates in petroleum additives segment, which is primarily represented by Afton.
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