NewMarket Co. (NYSE:NEU) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,572 shares of the specialty chemicals company's stock after selling 2,677 shares during the quarter. Pacer Advisors Inc. owned 2.04% of NewMarket worth $107,934,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of NewMarket in the second quarter valued at $33,000. Quest Partners LLC acquired a new position in NewMarket in the second quarter valued at $38,000. Blue Trust Inc. boosted its position in shares of NewMarket by 590.9% in the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company's stock valued at $39,000 after purchasing an additional 65 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in NewMarket during the second quarter worth approximately $54,000. Finally, nVerses Capital LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Stock Performance

Shares of NYSE NEU traded up $6.32 during mid-day trading on Friday, hitting $542.65. 24,604 shares of the company were exchanged, compared to its average volume of 35,070. The stock has a 50 day simple moving average of $539.69 and a 200-day simple moving average of $541.85. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 11.91 and a beta of 0.50.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The business had revenue of $724.95 million for the quarter.

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.84%. NewMarket's dividend payout ratio is presently 22.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of NewMarket from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th.

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.