Blue Edge Capital LLC decreased its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,054 shares of the specialty chemicals company's stock after selling 970 shares during the quarter. Blue Edge Capital LLC owned 0.05% of NewMarket worth $2,670,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of NewMarket by 34.5% in the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock worth $2,656,000 after purchasing an additional 1,235 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in NewMarket in the fourth quarter worth approximately $252,000. Empowered Funds LLC grew its position in NewMarket by 61.3% during the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock valued at $787,000 after acquiring an additional 566 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of NewMarket by 5.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after acquiring an additional 55 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of NewMarket by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock worth $27,917,000 after acquiring an additional 722 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.
View Our Latest Research Report on NEU
NewMarket Trading Down 0.5 %
Shares of NYSE NEU traded down $2.90 during midday trading on Tuesday, reaching $562.67. The company had a trading volume of 9,464 shares, compared to its average volume of 36,526. The stock has a market cap of $5.34 billion, a PE ratio of 11.67 and a beta of 0.44. NewMarket Co. has a one year low of $480.00 and a one year high of $598.00. The firm's fifty day moving average price is $545.80 and its 200-day moving average price is $532.56. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66.
NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.
NewMarket Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a dividend of $2.75 per share. This is a positive change from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Monday, March 17th. NewMarket's dividend payout ratio is currently 22.82%.
NewMarket Company Profile
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Free Report)
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.
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