Charles Schwab Investment Management Inc. Purchases 3,601 Shares of NewMarket Co. (NYSE:NEU)

Charles Schwab Investment Management Inc. increased its position in NewMarket Co. (NYSE:NEU - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,347 shares of the specialty chemicals company's stock after buying an additional 3,601 shares during the period. Charles Schwab Investment Management Inc. owned 0.86% of NewMarket worth $43,508,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in NewMarket during the fourth quarter worth approximately $40,000. Centricity Wealth Management LLC bought a new stake in NewMarket during the fourth quarter worth approximately $56,000. Blue Trust Inc. increased its stake in NewMarket by 55.3% during the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock worth $65,000 after acquiring an additional 42 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in NewMarket during the fourth quarter worth approximately $74,000. Finally, Steward Partners Investment Advisory LLC increased its stake in NewMarket by 481.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company's stock worth $83,000 after acquiring an additional 130 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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NewMarket Trading Up 0.8 %

Shares of NEU traded up $4.01 during mid-day trading on Tuesday, reaching $536.94. 43,313 shares of the company's stock traded hands, compared to its average volume of 33,054. The stock has a market cap of $5.09 billion, a P/E ratio of 11.14 and a beta of 0.41. The stock's 50-day moving average is $523.17 and its two-hundred day moving average is $533.73. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $638.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.

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

NewMarket Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a dividend of $2.75 per share. This is a boost from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date of this dividend is Monday, March 17th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.05%. NewMarket's dividend payout ratio is currently 22.82%.

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.