NewMarket (NYSE:NEU) Hits New 12-Month Low – Here’s Why

Shares of NewMarket Co. (NYSE:NEU) hit a new 52-week low during trading on Monday . The stock traded as low as $480.00 and last traded at $481.00, with a volume of 1712 shares traded. The stock had previously closed at $482.93.

NewMarket Stock Performance

The company has a market cap of $4.82 billion, a PE ratio of 11.16 and a beta of 0.50. The stock’s 50 day simple moving average is $531.75 and its two-hundred day simple moving average is $538.73. 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 earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%. The firm had revenue of $724.95 million for the quarter.

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of NewMarket in the second quarter worth $33,000. Quest Partners LLC purchased a new stake in NewMarket during the 2nd quarter worth $38,000. Blue Trust Inc. increased its holdings in NewMarket by 590.9% in the 3rd 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. Eagle Bay Advisors LLC purchased a new position in NewMarket in the fourth quarter valued at about $40,000. Finally, GAMMA Investing LLC lifted its stake in shares of NewMarket by 95.5% during the third quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

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.