Great Valley Advisor Group Inc. Has $4.12 Million Stake in NewMarket Co. (NYSE:NEU)

Great Valley Advisor Group Inc. grew its position in NewMarket Co. (NYSE:NEU) by 70.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,465 shares of the specialty chemicals company’s stock after buying an additional 3,098 shares during the quarter. Great Valley Advisor Group Inc. owned 0.08% of NewMarket worth $4,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in NewMarket by 102.6% in the first quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock valued at $23,079,000 after acquiring an additional 18,413 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of NewMarket in the 2nd quarter valued at $486,000. Natixis Advisors LLC increased its stake in shares of NewMarket by 19.4% in the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock valued at $9,522,000 after purchasing an additional 2,807 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of NewMarket by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock worth $2,655,000 after buying an additional 1,463 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of NewMarket by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock worth $82,214,000 after buying an additional 12,110 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

NewMarket Price Performance

NEU stock opened at $542.65 on Friday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 12.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The company has a 50 day simple moving average of $539.39 and a 200 day simple moving average of $541.77. NewMarket Co. has a 1 year low of $494.04 and a 1 year high of $650.00.

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

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued 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 payout ratio is presently 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.