16,907 Shares in NewMarket Co. (NYSE:NEU) Acquired by Proficio Capital Partners LLC

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

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in NewMarket by 5.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 2,100 shares of the specialty chemicals company's stock worth $1,159,000 after purchasing an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of NewMarket during the 3rd quarter worth approximately $205,000. DekaBank Deutsche Girozentrale lifted its position in shares of NewMarket by 13.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company's stock valued at $210,000 after buying an additional 45 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of NewMarket by 14.4% during the 3rd quarter. New York State Common Retirement Fund now owns 40,594 shares of the specialty chemicals company's stock valued at $22,403,000 after buying an additional 5,100 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in NewMarket by 2,493.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the specialty chemicals company's stock worth $215,000 after acquiring an additional 374 shares in the last quarter. 61.09% of the stock is owned by hedge funds and other institutional investors.

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NewMarket Price Performance

Shares of NEU traded down $10.28 during trading hours on Thursday, hitting $547.58. 25,222 shares of the stock were exchanged, compared to its average volume of 33,088. NewMarket Co. has a 12-month low of $460.01 and a 12-month high of $638.21. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 11.41 and a beta of 0.48. The stock's 50-day moving average price is $520.71 and its two-hundred day moving average price is $535.09. 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 data on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a $2.75 dividend. The ex-dividend date is Monday, March 17th. This is an increase from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.01%. NewMarket's dividend payout ratio (DPR) is 22.82%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report 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.