Kesler Norman & Wride LLC Takes Position in NewMarket Corporation $NEU

Kesler Norman & Wride LLC acquired a new stake in shares of NewMarket Corporation (NYSE:NEU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,208 shares of the specialty chemicals company’s stock, valued at approximately $830,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in shares of NewMarket by 12.0% during the 4th quarter. Natixis Advisors LLC now owns 32,238 shares of the specialty chemicals company’s stock valued at $22,156,000 after buying an additional 3,453 shares during the period. Norges Bank bought a new stake in shares of NewMarket in the fourth quarter worth $64,654,000. Intech Investment Management LLC bought a new stake in shares of NewMarket in the fourth quarter worth $1,184,000. Geode Capital Management LLC increased its position in NewMarket by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 175,649 shares of the specialty chemicals company’s stock valued at $120,737,000 after acquiring an additional 8,978 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in NewMarket by 40.4% in the fourth quarter. Global Retirement Partners LLC now owns 987 shares of the specialty chemicals company’s stock valued at $678,000 after acquiring an additional 284 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

NewMarket Trading Down 0.1%

Shares of NewMarket stock opened at $783.37 on Thursday. NewMarket Corporation has a 1-year low of $580.03 and a 1-year high of $875.97. The company’s fifty day simple moving average is $681.88 and its 200-day simple moving average is $683.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37. The stock has a market capitalization of $7.21 billion, a PE ratio of 17.89 and a beta of 0.56.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.The firm had revenue of $669.72 million during the quarter.

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 1.5%. NewMarket’s dividend payout ratio is presently 27.41%.

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.