NewMarket (NYSE:NEU) Hits New 1-Year Low – Time to Sell?

Shares of NewMarket Co. (NYSE:NEU) reached a new 52-week low during trading on Tuesday . The company traded as low as $493.80 and last traded at $493.80, with a volume of 12163 shares. The stock had previously closed at $497.43.

NewMarket Stock Down 2.1 %

The firm’s 50-day simple moving average is $536.60 and its two-hundred day simple moving average is $539.85. 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 market capitalization of $4.67 billion, a price-to-earnings ratio of 10.81 and a beta of 0.50.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were issued a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

Institutional Trading of NewMarket

Several institutional investors and hedge funds have recently made changes to their positions in NEU. Bank of Montreal Can boosted its holdings in shares of NewMarket by 4.7% during the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock worth $399,000 after purchasing an additional 33 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of NewMarket by 1.8% during the 2nd 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 position in shares of NewMarket by 13.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock worth $210,000 after acquiring an additional 45 shares during the last quarter. Quantinno Capital Management LP grew its holdings in NewMarket by 3.0% in the third quarter. Quantinno Capital Management LP now owns 1,675 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 48 shares during the period. Finally, CENTRAL TRUST Co raised its stake in NewMarket by 36.9% during the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 59 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

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.