Great Valley Advisor Group Inc. Acquires 3,098 Shares of NewMarket Co. (NYSE:NEU)

Great Valley Advisor Group Inc. increased its holdings in NewMarket Co. (NYSE:NEU) by 70.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,465 shares of the specialty chemicals company’s stock after purchasing an additional 3,098 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in NewMarket were worth $4,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of Montreal Can grew its position in shares of NewMarket by 4.7% in the 2nd quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock valued at $399,000 after buying an additional 33 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of NewMarket by 1.8% in the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock worth $1,038,000 after acquiring an additional 36 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in NewMarket by 13.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock valued at $210,000 after acquiring an additional 45 shares during the last quarter. CENTRAL TRUST Co increased its position in NewMarket by 36.9% during the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 59 shares during the period. Finally, Headlands Technologies LLC bought a new position in NewMarket during the 2nd quarter worth approximately $33,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NewMarket Stock Performance

Shares of NEU opened at $542.65 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The firm’s fifty day simple moving average is $539.39 and its two-hundred day simple moving average is $541.77. NewMarket Co. has a 12 month low of $494.04 and a 12 month high of $650.00. The stock has a market capitalization of $5.21 billion, a P/E ratio of 12.05 and a beta of 0.50.

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

NewMarket Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is 22.21%.

NewMarket Company 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.