Eagle Bay Advisors LLC Buys New Shares in NewMarket Co. (NYSE:NEU)

Eagle Bay Advisors LLC purchased a new stake in shares of NewMarket Co. (NYSE:NEU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76 shares of the specialty chemicals company’s stock, valued at approximately $40,000.

Several other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of NewMarket during the second quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC bought a new stake in NewMarket in the 2nd quarter valued at $54,000. Headlands Technologies LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at $33,000. American Century Companies Inc. lifted its holdings in shares of NewMarket by 2.3% during the 2nd quarter. American Century Companies Inc. now owns 19,403 shares of the specialty chemicals company’s stock worth $10,004,000 after acquiring an additional 431 shares during the period. Finally, Thoroughbred Financial Services LLC bought a new stake in NewMarket in the second quarter valued at about $252,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE:NEU opened at $490.87 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $532.42 and a 200 day moving average price of $538.82. The firm has a market capitalization of $4.71 billion, a PE ratio of 10.90 and a beta of 0.50. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $650.00.

NewMarket (NYSE:NEU) last posted 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 business had revenue of $724.95 million during the quarter.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were issued a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, December 16th. NewMarket’s payout ratio is 22.21%.

About NewMarket

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.