Capital Analysts LLC held its stake in NewMarket Corporation (NYSE:NEU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569 shares of the specialty chemicals company’s stock at the end of the second quarter. Capital Analysts LLC’s holdings in NewMarket Corporation were worth $262,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in NewMarket Corporation by 3.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 875 shares of the specialty chemicals company’s stock valued at $403,000 after buying an additional 31 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NewMarket Corporation by 24.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock valued at $192,000 after buying an additional 81 shares in the last quarter. Pacer Advisors Inc. increased its stake in NewMarket Corporation by 10.1% in the second quarter. Pacer Advisors Inc. now owns 1,005 shares of the specialty chemicals company’s stock valued at $463,000 after buying an additional 92 shares in the last quarter. Victory Capital Management Inc. increased its stake in NewMarket Corporation by 21.1% in the second quarter. Victory Capital Management Inc. now owns 4,207 shares of the specialty chemicals company’s stock valued at $1,937,000 after buying an additional 733 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in NewMarket Corporation by 12.5% in the second quarter. Virginia Retirement Systems ET AL now owns 6,300 shares of the specialty chemicals company’s stock valued at $2,901,000 after buying an additional 700 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Shares of NewMarket Corporation (NEU) opened at 418.59 on Wednesday. The firm’s 50-day moving average is $444.69 and its 200 day moving average is $451.67. The stock has a market cap of $4.96 billion, a P/E ratio of 20.35 and a beta of 0.74. NewMarket Corporation has a 52-week low of $386.90 and a 52-week high of $483.86.

NewMarket Corporation (NYSE:NEU) last released its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share (EPS) 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 the consensus estimate of $570.10 million. NewMarket Corporation had a return on equity of 46.94% and a net margin of 11.57%. NewMarket Corporation’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.50 EPS. Analysts forecast that NewMarket Corporation will post $20.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $7.00 annualized dividend and a dividend yield of 1.67%. NewMarket Corporation’s dividend payout ratio (DPR) is presently 34.03%.

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Separately, BidaskClub downgraded shares of 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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