NewMarket Co. (NYSE:NEU) Stock Position Raised by Barclays PLC

Barclays PLC lifted its position in NewMarket Co. (NYSE:NEU - Free Report) by 293.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,928 shares of the specialty chemicals company's stock after buying an additional 14,115 shares during the quarter. Barclays PLC owned about 0.20% of NewMarket worth $10,002,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in NewMarket by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 731,312 shares of the specialty chemicals company's stock valued at $386,389,000 after acquiring an additional 8,951 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of NewMarket by 1.3% during the 4th quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company's stock valued at $104,648,000 after purchasing an additional 2,493 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NewMarket by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 124,387 shares of the specialty chemicals company's stock valued at $65,741,000 after purchasing an additional 1,733 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in NewMarket by 20.6% in the fourth quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock worth $48,542,000 after purchasing an additional 15,694 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in NewMarket by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 82,347 shares of the specialty chemicals company's stock worth $43,508,000 after buying an additional 3,601 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Stock Up 1.9 %

NEU opened at $570.04 on Wednesday. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $596.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The business has a 50 day moving average price of $549.70 and a 200 day moving average price of $533.59. The firm has a market cap of $5.41 billion, a P/E ratio of 11.82 and a beta of 0.44.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings data 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a $2.75 dividend. This is an increase from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 17th. NewMarket's dividend payout ratio (DPR) is currently 22.82%.

Analyst Ratings Changes

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

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.

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