1,930 Shares in NewMarket Corporation $NEU Purchased by Csenge Advisory Group

Csenge Advisory Group purchased a new stake in NewMarket Corporation (NYSE:NEU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,930 shares of the specialty chemicals company’s stock, valued at approximately $1,527,000.

Other hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in NewMarket during the 2nd quarter worth approximately $64,000. NewEdge Wealth LLC bought a new position in shares of NewMarket in the second quarter valued at approximately $2,915,000. Great Lakes Advisors LLC purchased a new position in shares of NewMarket during the second quarter valued at approximately $285,000. JLB & Associates Inc. purchased a new position in shares of NewMarket during the second quarter valued at approximately $1,138,000. Finally, Citizens Financial Group Inc. RI bought a new stake in NewMarket during the second quarter worth $237,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Price Performance

NEU opened at $930.04 on Thursday. The firm has a 50-day moving average price of $820.59 and a 200-day moving average price of $722.97. NewMarket Corporation has a twelve month low of $580.03 and a twelve month high of $981.66. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 20.01 and a beta of 0.56.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. The company had revenue of $747.09 million for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a dividend yield of 1.3%. NewMarket’s dividend payout ratio is currently 25.82%.

Analyst Ratings Changes

A number of research firms recently commented on NEU. Weiss Ratings raised NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of NewMarket from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

NewMarket Company Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.