HighTower Advisors LLC Has $1.45 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

HighTower Advisors LLC lessened its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,736 shares of the specialty chemicals company's stock after selling 2,654 shares during the quarter. HighTower Advisors LLC's holdings in NewMarket were worth $1,446,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its position in NewMarket by 19.1% in the 3rd quarter. Empowered Funds LLC now owns 924 shares of the specialty chemicals company's stock valued at $510,000 after acquiring an additional 148 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of NewMarket by 4.8% during the third quarter. Mutual of America Capital Management LLC now owns 4,147 shares of the specialty chemicals company's stock worth $2,289,000 after purchasing an additional 191 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of NewMarket by 8.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,803 shares of the specialty chemicals company's stock worth $995,000 after purchasing an additional 134 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NewMarket by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company's stock worth $43,459,000 after purchasing an additional 7,719 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of NewMarket by 51.2% in the third quarter. Citigroup Inc. now owns 6,679 shares of the specialty chemicals company's stock valued at $3,686,000 after purchasing an additional 2,262 shares during the period. 61.09% of the stock is owned by institutional investors and hedge funds.

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NewMarket Trading Up 0.2 %

NEU stock traded up $1.27 during midday trading on Tuesday, reaching $547.66. The company's stock had a trading volume of 54,613 shares, compared to its average volume of 34,442. The business's 50-day simple moving average is $528.12 and its 200-day simple moving average is $532.98. The stock has a market cap of $5.20 billion, a PE ratio of 11.36 and a beta of 0.41. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $638.21. 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 announced its 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from NewMarket's previous quarterly dividend of $2.50. NewMarket's payout ratio is currently 22.82%.

Analyst Ratings Changes

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

About NewMarket

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.