<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/newmarket-co-logo-1200x675.png/query-dj0yMDI0MDIyMTEwNTcxNQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/newmarket-co-logo-1200x675.png/query-dj0yMDI0MDIyMTEwNTcxNQ"/>Convergence Investment Partners LLC acquired a new position in shares of NewMarket Co. (NYSE:NEU - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,090 shares of the specialty chemicals company's stock, valued at approximately $1,141,000.</p><p>A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEU. Vanguard Group Inc. grew its holdings in NewMarket by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 717,923 shares of the specialty chemicals company's stock valued at $326,684,000 after buying an additional 40,028 shares during the period. London Co. of Virginia grew its holdings in NewMarket by 0.3% in the 3rd quarter. London Co. of Virginia now owns 664,683 shares of the specialty chemicals company's stock valued at $302,457,000 after buying an additional 1,796 shares during the period. LSV Asset Management grew its holdings in NewMarket by 62.7% in the 3rd quarter. LSV Asset Management now owns 229,568 shares of the specialty chemicals company's stock valued at $104,463,000 after buying an additional 88,476 shares during the period. Invesco Ltd. grew its holdings in NewMarket by 41.2% in the 3rd quarter. Invesco Ltd. now owns 105,136 shares of the specialty chemicals company's stock valued at $47,841,000 after buying an additional 30,694 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in NewMarket by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 97,587 shares of the specialty chemicals company's stock valued at $44,406,000 after buying an additional 1,787 shares during the period. Hedge funds and other institutional investors own 61.09% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTcz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTcz"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/med_generic_stock_0683784403.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="720" height="479" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/med_generic_stock_0683784403.jpg"/></p></div><div><p><b>Ad </b> Investing Daily</p><p>His win rate puts Warren Buffett to shame… </p><p>Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.</p><p>Click here now for the full story.</p></div></div></div><p>Separately, StockNews.com cut NewMarket from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a report on Sunday, February 4th.</p><p><b>Read Our Latest Report on NewMarket</b></p><h2>NewMarket Trading Down 0.8 %</h2><p>NEU traded down $4.18 on Friday, reaching $529.41. 65,326 shares of the company's stock were exchanged, compared to its average volume of 39,737. The company's 50 day moving average is $612.63 and its 200-day moving average is $561.87. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 12.74 and a beta of 0.45. NewMarket Co. has a twelve month low of $371.69 and a twelve month high of $650.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.60 and a current ratio of 2.86. </p><p>NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share (EPS) for the quarter. The firm had revenue of $696.74 million during the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%. </p><h2>NewMarket Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, June 14th. NewMarket's dividend payout ratio (DPR) is presently 24.06%. </p><h2>About NewMarket</h2><p> (Free Report)</p><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than NewMarket</li><li>What is the Shanghai Stock Exchange Composite Index?</li><li>MarketBeat Week in Review – 4/22 - 4/26</li><li>What Are the U.K. Market Holidays? How to Invest and Trade</li><li>3 Stocks Leading the U.S. Agriculture Comeback</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>How to Use Put Debit Spreads to Profit From Falling Stocks </li></ul><p><strong>Want to see what other hedge funds are holding NEU?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewMarket Co. (NYSE:NEU - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5FVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5FVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ His win rate puts Warren Buffett to shame…  <span><span><span>(From Investing Daily)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTcz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTcz"/></span></p><h2>Should you invest $1,000 in NewMarket right now?</h2><p>Before you consider NewMarket, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NewMarket wasn't on the list.</p><p>While NewMarket currently has a &#34;hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20230626150448_reportpreview2023-06-7-energy-stocks-cover.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20230626150448_reportpreview2023-06-7-energy-stocks-cover.png"/></p></div><div><div><p>7 Energy Stocks to Buy and Hold Forever</p><p>Do you expect the global demand for energy to shrink?! 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<p>Convergence Investment Partners LLC has purchased 2,090 shares of NewMarket Co. The specialty chemicals company's stock is valued at approximately $1,141,000. Other hedge funds and institutional investors have also added or reduced their stakes in NEU. NewMarket recently announced a quarterly dividend of $2.50 per share.</p>

2,090 Shares in NewMarket Co. (NYSE:NEU) Purchased by Convergence Investment Partners LLC