NewMarket Co. (NEU) Receives Average Rating of “Strong Sell” from Brokerages

NewMarket Co. (NYSE:NEU) has earned an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.

Analysts have set a 1-year consensus price objective of $380.00 for the company, according to Zacks. Zacks has also assigned NewMarket an industry rank of 98 out of 256 based on the ratings given to its competitors.

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

In other NewMarket news, Director James E. Rogers sold 500 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $433.97, for a total value of $216,985.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Thomas E. Gottwald sold 11,000 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $437.84, for a total transaction of $4,816,240.00. Following the completion of the sale, the chairman now directly owns 145,168 shares of the company’s stock, valued at approximately $63,560,357.12. The disclosure for this sale can be found here. 17.02% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Berman Capital Advisors LLC acquired a new stake in shares of NewMarket during the fourth quarter worth approximately $25,000. Oppenheimer Asset Management Inc. bought a new stake in NewMarket in the fourth quarter worth about $37,000. Contravisory Investment Management Inc. bought a new stake in NewMarket in the first quarter worth about $117,000. BNP Paribas Arbitrage SA raised its position in NewMarket by 74.7% in the first quarter. BNP Paribas Arbitrage SA now owns 290 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 124 shares in the last quarter. Finally, Ffcm LLC raised its position in NewMarket by 187.6% in the fourth quarter. Ffcm LLC now owns 348 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 227 shares in the last quarter. 60.71% of the stock is owned by institutional investors.

NEU stock traded down $2.11 during midday trading on Friday, hitting $417.11. 2,009 shares of the stock traded hands, compared to its average volume of 45,986. The firm has a market cap of $4.75 billion, a PE ratio of 20.58 and a beta of 0.47. 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 has a 1-year low of $352.89 and a 1-year high of $452.54.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $5.57 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $536.62 million for the quarter. Research analysts predict that NewMarket will post 21.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, June 14th. NewMarket’s dividend payout ratio (DPR) is 34.41%.

NewMarket Company 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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