Natixis Advisors LLC Grows Position in NewMarket Co. (NYSE:NEU)

Natixis Advisors LLC lifted its position in NewMarket Co. (NYSE:NEU - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,436 shares of the specialty chemicals company's stock after acquiring an additional 2,182 shares during the quarter. Natixis Advisors LLC owned approximately 0.20% of NewMarket worth $10,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of NewMarket by 0.6% in the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock worth $1,647,000 after acquiring an additional 20 shares in the last quarter. Atria Investments Inc grew its stake in shares of NewMarket by 1.6% in the 4th quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock worth $688,000 after acquiring an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of NewMarket by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after acquiring an additional 26 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of NewMarket by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company's stock worth $739,000 after acquiring an additional 35 shares in the last quarter. Finally, Principal Securities Inc. grew its position in NewMarket by 10.9% during the fourth quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock valued at $189,000 after buying an additional 35 shares during the period. Institutional investors own 61.09% of the company's stock.

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Analysts Set New Price Targets

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

NewMarket Stock Performance

NEU traded down $8.35 during trading on Friday, hitting $529.99. 312,041 shares of the company traded hands, compared to its average volume of 34,328. The firm has a market cap of $5.03 billion, a P/E ratio of 10.99 and a beta of 0.41. The stock's fifty day moving average is $527.04 and its 200 day moving average is $533.08. 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 one year low of $480.00 and a one year high of $638.21.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a yield of 2.08%. NewMarket's dividend 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.