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 equities research analyst has rated the stock with a hold rating.
Zacks has also given NewMarket an industry rank of 136 out of 265 based on the ratings given to related companies.
Separately, TheStreet lowered NewMarket from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th.
NewMarket (NYSE:NEU) last released its earnings results on Tuesday, February 6th. The specialty chemicals company reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.62 by ($0.57). NewMarket had a return on equity of 37.86% and a net margin of 8.67%. The business had revenue of $559.98 million for the quarter, compared to the consensus estimate of $522.10 million. During the same quarter in the previous year, the company earned $3.86 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.71%. NewMarket’s dividend payout ratio is presently 43.56%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new position in NewMarket in the 3rd quarter valued at about $137,000. Captrust Financial Advisors bought a new stake in shares of NewMarket in the 4th quarter worth approximately $184,000. Cubist Systematic Strategies LLC purchased a new position in NewMarket in the 3rd quarter valued at approximately $222,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in NewMarket by 37.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 572 shares of the specialty chemicals company’s stock valued at $227,000 after buying an additional 156 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in NewMarket in the 3rd quarter valued at approximately $254,000. 55.71% of the stock is currently owned by institutional investors and hedge funds.
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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