NewMarket Co. (NYSE:NEU) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its position in NewMarket Co. (NYSE:NEU - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,387 shares of the specialty chemicals company's stock after purchasing an additional 1,733 shares during the quarter. Geode Capital Management LLC owned 1.30% of NewMarket worth $65,741,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

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NewMarket Stock Down 0.8 %

Shares of NewMarket stock traded down $4.55 during trading hours on Tuesday, hitting $561.02. 28,830 shares of the company's stock traded hands, compared to its average volume of 36,595. 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 Co. has a twelve month low of $480.00 and a twelve month high of $596.89. The stock has a 50 day simple moving average of $545.80 and a 200-day simple moving average of $532.56. The company has a market cap of $5.32 billion, a PE ratio of 11.64 and a beta of 0.44.

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

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a $2.75 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $11.00 annualized dividend and a dividend yield of 1.96%. This is an increase from NewMarket's previous quarterly dividend of $2.50. NewMarket's payout ratio is presently 22.82%.

NewMarket Company 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.