Aster Capital Management DIFC Ltd Purchases Shares of 916 NewMarket Co. (NYSE:NEU)

Aster Capital Management DIFC Ltd acquired a new position in shares of NewMarket Co. (NYSE:NEU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 916 shares of the specialty chemicals company's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in shares of NewMarket during the fourth quarter worth about $40,000. Centricity Wealth Management LLC bought a new stake in NewMarket during the 4th quarter worth approximately $56,000. Blue Trust Inc. raised its holdings in NewMarket by 55.3% during the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock worth $65,000 after buying an additional 42 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in NewMarket in the fourth quarter valued at approximately $74,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of NewMarket by 481.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company's stock valued at $83,000 after buying an additional 130 shares during the period. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Up 2.7 %

NewMarket stock traded up $15.01 during midday trading on Friday, reaching $563.42. The stock had a trading volume of 44,437 shares, compared to its average volume of 36,700. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $598.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The firm's fifty day simple moving average is $544.62 and its 200-day simple moving average is $532.65. The stock has a market capitalization of $5.34 billion, a P/E ratio of 11.69 and a beta of 0.44.

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NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date was Monday, March 17th. NewMarket's dividend payout ratio is currently 22.82%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.

NewMarket Profile

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.