Retirement Systems of Alabama reduced its stake in NewMarket Corporation (NYSE:NEU) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,919 shares of the specialty chemicals company’s stock after selling 17 shares during the period. Retirement Systems of Alabama owned approximately 0.10% of NewMarket Corporation worth $5,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEU. Vanguard Group Inc. boosted its position in NewMarket Corporation by 18.0% in the first quarter. Vanguard Group Inc. now owns 857,386 shares of the specialty chemicals company’s stock valued at $388,594,000 after buying an additional 130,543 shares during the last quarter. BlackRock Inc. boosted its position in NewMarket Corporation by 12,325.0% in the first quarter. BlackRock Inc. now owns 715,310 shares of the specialty chemicals company’s stock valued at $324,200,000 after buying an additional 709,553 shares during the last quarter. State Street Corp boosted its position in NewMarket Corporation by 2.6% in the first quarter. State Street Corp now owns 227,987 shares of the specialty chemicals company’s stock valued at $103,327,000 after buying an additional 5,710 shares during the last quarter. Bank of New York Mellon Corp boosted its position in NewMarket Corporation by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 108,725 shares of the specialty chemicals company’s stock valued at $49,278,000 after buying an additional 4,597 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in NewMarket Corporation by 10.3% in the first quarter. Geode Capital Management LLC now owns 69,587 shares of the specialty chemicals company’s stock valued at $31,538,000 after buying an additional 6,514 shares during the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.

NewMarket Corporation (NYSE:NEU) opened at 420.49 on Friday. The stock has a 50 day moving average price of $450.48 and a 200-day moving average price of $452.05. The stock has a market cap of $4.98 billion, a PE ratio of 20.44 and a beta of 0.74. NewMarket Corporation has a 12 month low of $386.90 and a 12 month high of $483.86.

NewMarket Corporation (NYSE:NEU) last announced its quarterly earnings data 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. The firm had revenue of $547.20 million during the quarter, compared to analyst estimates of $570.10 million. NewMarket Corporation had a net margin of 11.57% and a return on equity of 46.94%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.50 EPS. On average, analysts expect that NewMarket Corporation will post $20.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 14th. NewMarket Corporation’s dividend payout ratio (DPR) is presently 34.03%.

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Separately, BidaskClub cut NewMarket Corporation from a “hold” rating to a “sell” rating in a research 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.

Institutional Ownership by Quarter for NewMarket Corporation (NYSE:NEU)

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