Invesco Ltd. Trims Stock Position in NewMarket Co. (NYSE:NEU)

Invesco Ltd. decreased its position in shares of NewMarket Co. (NYSE:NEU - Free Report) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,804 shares of the specialty chemicals company's stock after selling 562 shares during the quarter. Invesco Ltd. owned 1.69% of NewMarket worth $85,489,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NEU. Norges Bank acquired a new stake in shares of NewMarket in the fourth quarter worth $41,268,000. American Century Companies Inc. boosted its stake in shares of NewMarket by 147.2% in the fourth quarter. American Century Companies Inc. now owns 47,717 shares of the specialty chemicals company's stock worth $25,211,000 after buying an additional 28,417 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in NewMarket during the fourth quarter worth about $8,933,000. Bank of New York Mellon Corp raised its stake in shares of NewMarket by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock worth $48,542,000 after buying an additional 15,694 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in shares of NewMarket by 29.2% during the fourth quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company's stock worth $35,545,000 after purchasing an additional 15,129 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

Wall Street Analyst Weigh In

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

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NewMarket Trading Down 0.6 %

NEU traded down $3.47 during trading hours on Wednesday, reaching $558.38. The company's stock had a trading volume of 43,483 shares, compared to its average volume of 36,623. NewMarket Co. has a fifty-two week low of $480.00 and a fifty-two week high of $596.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The stock has a market cap of $5.30 billion, a PE ratio of 11.58 and a beta of 0.44. The business's 50-day moving average is $546.62 and its 200-day moving average is $532.76.

NewMarket (NYSE:NEU - Get Free Report) last posted 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 1.97%. This is an increase from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date of this dividend was Monday, March 17th. NewMarket's payout ratio is 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.