Sei Investments Co. Sells 5,006 Shares of NewMarket Co. (NYSE:NEU)

Sei Investments Co. lessened its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 45.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,047 shares of the specialty chemicals company's stock after selling 5,006 shares during the period. Sei Investments Co. owned 0.06% of NewMarket worth $3,195,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NEU. Assetmark Inc. raised its holdings in shares of NewMarket by 0.6% in the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after acquiring an additional 20 shares in the last quarter. Atria Investments Inc lifted its position 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 during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of NewMarket by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after buying an additional 26 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of NewMarket by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of NewMarket by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company's stock worth $739,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 61.09% of the company's stock.

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NewMarket Price Performance

Shares of NYSE NEU traded down $13.74 during trading hours on Tuesday, reaching $517.32. 66,731 shares of the stock traded hands, compared to its average volume of 36,525. The company has a market capitalization of $4.91 billion, a P/E ratio of 10.73 and a beta of 0.44. The company's 50-day simple moving average is $540.18 and its two-hundred day simple moving average is $532.53. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $615.56.

NewMarket (NYSE:NEU - Get Free Report) last announced 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. Shareholders of record on Monday, March 17th were given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.13%. This is a positive change from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date of this dividend was Monday, March 17th. NewMarket's dividend payout ratio is presently 22.82%.

Analyst Upgrades and Downgrades

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

About NewMarket

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.