Shares of NewMarket Co. (NYSE:NEU) have earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned NewMarket an industry rank of 174 out of 265 based on the ratings given to its competitors.
Separately, TheStreet downgraded NewMarket from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.
Several large investors have recently made changes to their positions in NEU. Capital Analysts LLC lifted its position in shares of NewMarket by 6,961.7% in the fourth quarter. Capital Analysts LLC now owns 49,926 shares of the specialty chemicals company’s stock worth $2,088,000 after buying an additional 49,219 shares during the last quarter. BlackRock Inc. lifted its position in shares of NewMarket by 3.3% in the fourth quarter. BlackRock Inc. now owns 749,685 shares of the specialty chemicals company’s stock worth $297,919,000 after buying an additional 24,128 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of NewMarket in the fourth quarter worth about $6,385,000. WINTON GROUP Ltd acquired a new stake in shares of NewMarket in the third quarter worth about $5,724,000. Finally, Port Capital LLC acquired a new stake in shares of NewMarket in the fourth quarter worth about $4,936,000. 55.73% of the stock is owned by institutional investors.
NewMarket (NYSE:NEU) opened at $412.00 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.63 and a quick ratio of 1.42. NewMarket has a 52 week low of $373.59 and a 52 week high of $483.86. The company has a market capitalization of $4,850.00, a PE ratio of 22.03 and a beta of 0.73.
NewMarket (NYSE:NEU) last issued its earnings results on Tuesday, February 6th. The specialty chemicals company reported $3.05 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.57). NewMarket had a net margin of 8.67% and a return on equity of 37.86%. The firm had revenue of $559.98 million during the quarter, compared to analysts’ expectations of $522.10 million. During the same quarter last year, the firm earned $3.86 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $7.00 dividend on an annualized basis and a yield of 1.70%. NewMarket’s dividend payout ratio (DPR) is currently 37.43%.
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NewMarket Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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