NewMarket is one of the few makers of oil additives in America and competing in an oligopoly certainly helps when it comes to pricing power, said Steve Owen, managing director at Touchstone Investments. 'During the market downturn a lot of the players consolidated the business, cut costs, and now you have a much more rational pricing environment,' said Owen. 'They are great capital allocators. They’re great with return on capital, buying back shares, and they actually bought back 5% of their shares during one quarter. So, they have a lot of free cash flow right now, increasing the dividend and the best part about future growth is just demand for fuel.' A lot of the increasing demand for fuel will be coming from Southeast Asia as more individuals trade in their bicycles for cars, according to Owen. Shares of NewMarket are up 12% this year. Owen’s Touchstone Large Cap Fund has returned slightly over 1% so far in 2015.