541 Shares in NewMarket Co. (NYSE:NEU) Acquired by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new stake in NewMarket Co. (NYSE:NEU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 541 shares of the specialty chemicals company’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of NewMarket during the second quarter worth $33,000. Quest Partners LLC acquired a new stake in shares of NewMarket in the 2nd quarter valued at about $38,000. Blue Trust Inc. lifted its holdings in shares of NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of NewMarket in the second quarter valued at about $54,000. Finally, nVerses Capital LLC acquired a new position in shares of NewMarket during the second quarter worth about $103,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded NewMarket from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

NewMarket Stock Performance

Shares of NEU stock opened at $542.19 on Tuesday. The firm has a market cap of $5.21 billion, a PE ratio of 12.04 and a beta of 0.50. NewMarket Co. has a 12 month low of $494.04 and a 12 month high of $650.00. The company’s fifty day simple moving average is $538.01 and its 200-day simple moving average is $540.65. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The firm had revenue of $724.95 million for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.84%. NewMarket’s dividend payout ratio is 22.21%.

NewMarket Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.