Swiss National Bank boosted its stake in shares of NewMarket Co. (NYSE:NEU) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,600 shares of the specialty chemicals company’s stock after purchasing an additional 400 shares during the period. Swiss National Bank’s holdings in NewMarket were worth $7,197,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Berman Capital Advisors LLC bought a new position in NewMarket during the fourth quarter valued at approximately $25,000. Oppenheimer Asset Management Inc. bought a new position in NewMarket during the fourth quarter valued at approximately $37,000. Ellis Investment Partners LLC bought a new position in NewMarket during the first quarter valued at approximately $46,000. Contravisory Investment Management Inc. bought a new position in NewMarket during the first quarter valued at approximately $117,000. Finally, BNP Paribas Arbitrage SA lifted its position in NewMarket by 74.7% during the first quarter. BNP Paribas Arbitrage SA now owns 290 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 124 shares during the period. Institutional investors own 55.34% of the company’s stock.

Separately, Buckingham Research assumed coverage on shares of NewMarket in a research report on Monday, April 1st. They set an “underperform” rating and a $380.00 price objective on the stock.

Shares of NewMarket stock opened at $403.47 on Friday. The company has a market cap of $4.51 billion, a P/E ratio of 19.84 and a beta of 0.51. NewMarket Co. has a twelve month low of $352.89 and a twelve month high of $452.54. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.77 and a current ratio of 3.29.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $5.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.81 by ($0.24). NewMarket had a net margin of 10.57% and a return on equity of 44.09%. The company had revenue of $536.62 million for the quarter. On average, research analysts anticipate that NewMarket Co. will post 21.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a dividend of $1.75 per share. The ex-dividend date is Friday, June 14th. This represents a $7.00 dividend on an annualized basis and a yield of 1.73%. NewMarket’s dividend payout ratio is currently 34.41%.

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NewMarket Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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