Vanguard Group Inc. Purchases 4,261 Shares of NewMarket Co. (NYSE:NEU)

Vanguard Group Inc. grew its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 722,184 shares of the specialty chemicals company's stock after purchasing an additional 4,261 shares during the period. Vanguard Group Inc. owned approximately 7.53% of NewMarket worth $394,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of NewMarket by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 146,589 shares of the specialty chemicals company's stock valued at $80,015,000 after purchasing an additional 1,958 shares during the period. London Co. of Virginia raised its holdings in shares of NewMarket by 0.3% in the 3rd quarter. London Co. of Virginia now owns 664,683 shares of the specialty chemicals company's stock worth $302,457,000 after acquiring an additional 1,796 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of NewMarket by 51.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 4,160 shares of the specialty chemicals company's stock worth $2,271,000 after acquiring an additional 1,421 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of NewMarket in the 4th quarter worth about $821,000. Finally, International Assets Investment Management LLC raised its holdings in shares of NewMarket by 54,482.1% in the 4th quarter. International Assets Investment Management LLC now owns 21,287 shares of the specialty chemicals company's stock worth $11,619,000 after acquiring an additional 21,248 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Thursday, June 20th.

NewMarket Stock Performance

Shares of NewMarket stock traded up $5.06 on Friday, reaching $515.58. 64,707 shares of the company traded hands, compared to its average volume of 41,909. NewMarket Co. has a 52 week low of $399.37 and a 52 week high of $650.00. The company has a 50 day moving average of $540.49 and a 200 day moving average of $574.64. The firm has a market capitalization of $4.94 billion, a PE ratio of 12.40 and a beta of 0.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60.

NewMarket (NYSE:NEU - Get Free Report) last released its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%. The firm had revenue of $696.74 million during the quarter.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, June 14th. NewMarket's dividend payout ratio is currently 24.06%.

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.