Proficio Capital Partners LLC Takes $8.93 Million Position in NewMarket Co. (NYSE:NEU)

Proficio Capital Partners LLC bought a new position in NewMarket Co. (NYSE:NEU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,907 shares of the specialty chemicals company's stock, valued at approximately $8,933,000. Proficio Capital Partners LLC owned approximately 0.18% of NewMarket as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in NEU. Assetmark Inc. grew its holdings in NewMarket by 0.6% during the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after buying an additional 20 shares in the last quarter. Atria Investments Inc raised its stake in NewMarket by 1.6% during the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after purchasing an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in NewMarket by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock valued at $825,000 after purchasing an additional 26 shares during 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 buying an additional 35 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of NewMarket by 10.9% in the 4th quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock worth $189,000 after buying an additional 35 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

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NewMarket Trading Up 0.4 %

NewMarket stock traded up $2.02 during mid-day trading on Wednesday, hitting $538.64. The company's stock had a trading volume of 24,176 shares, compared to its average volume of 39,793. NewMarket Co. has a one year low of $480.00 and a one year high of $638.21. The stock has a market cap of $5.11 billion, a PE ratio of 11.17 and a beta of 0.41. The company has a 50 day moving average of $524.17 and a 200-day moving average of $533.47. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75.

NewMarket (NYSE:NEU - Get Free Report) last released 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $2.75 per share. This is a boost from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, March 17th. NewMarket's dividend payout ratio (DPR) is currently 22.82%.

Wall Street Analysts Forecast Growth

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

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.