NewMarket Co. (NYSE:NEU) Short Interest Update

NewMarket Co. (NYSE:NEU) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 81,800 shares, a drop of 12.7% from the May 31st total of 93,700 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 38,900 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 20th.

Institutional Trading of NewMarket

A number of hedge funds have recently bought and sold shares of NEU. Dimensional Fund Advisors LP lifted its holdings in shares of NewMarket by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 146,589 shares of the specialty chemicals company’s stock worth $80,015,000 after acquiring an additional 1,958 shares during the period. London Co. of Virginia lifted its holdings in shares of NewMarket by 0.3% during the 3rd quarter. London Co. of Virginia now owns 664,683 shares of the specialty chemicals company’s stock worth $302,457,000 after acquiring an additional 1,796 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of NewMarket by 51.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 4,160 shares of the specialty chemicals company’s stock worth $2,271,000 after acquiring an additional 1,421 shares during the period. Inceptionr LLC bought a new position in NewMarket during the 4th quarter valued at about $821,000. Finally, International Assets Investment Management LLC lifted its holdings in NewMarket by 54,482.1% during the 4th quarter. International Assets Investment Management LLC now owns 21,287 shares of the specialty chemicals company’s stock valued at $11,619,000 after purchasing an additional 21,248 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Price Performance

Shares of NewMarket stock opened at $515.57 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. NewMarket has a fifty-two week low of $399.37 and a fifty-two week high of $650.00. The firm has a fifty day moving average price of $540.49 and a two-hundred day moving average price of $574.84. The company has a market cap of $4.95 billion, a PE ratio of 12.40 and a beta of 0.48.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%. The firm had revenue of $696.74 million during the quarter.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, June 14th. NewMarket’s dividend payout ratio (DPR) is presently 24.06%.

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.