NewMarket Co. (NYSE:NEU) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in NewMarket Co. (NYSE:NEU - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,382 shares of the specialty chemicals company's stock after purchasing an additional 4,797 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of NewMarket worth $29,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of NewMarket by 34.5% in the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock valued at $2,656,000 after buying an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in NewMarket in the 4th quarter worth approximately $252,000. Empowered Funds LLC raised its holdings in NewMarket by 61.3% in the 4th 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. lifted its stake in shares of NewMarket by 5.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after purchasing an additional 55 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of NewMarket by 10.9% during the fourth quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock worth $189,000 after purchasing an additional 35 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

NewMarket Trading Up 2.7 %

Shares of NYSE NEU traded up $15.01 on Friday, reaching $563.42. 44,437 shares of the company traded hands, compared to its average volume of 36,656. The stock has a market capitalization of $5.34 billion, a PE ratio of 11.69 and a beta of 0.44. NewMarket Co. has a fifty-two week low of $480.00 and a fifty-two week high of $598.00. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $544.62 and a 200 day moving average of $532.48.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $2.75 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $11.00 dividend on an annualized basis and a yield of 1.95%. This is a boost from NewMarket's previous quarterly dividend of $2.50. NewMarket's dividend payout ratio (DPR) 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.