Vanguard Group Inc. grew its position in shares of NewMarket Co. (NYSE:NEU - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 731,312 shares of the specialty chemicals company's stock after purchasing an additional 8,951 shares during the period. Vanguard Group Inc. owned approximately 7.62% of NewMarket worth $386,389,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in NEU. Assetmark Inc. increased its stake in NewMarket by 0.6% in the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock worth $1,647,000 after acquiring an additional 20 shares during the last quarter. Atria Investments Inc raised 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 period. Oregon Public Employees Retirement Fund lifted its stake 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 valued at $825,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC lifted its position in NewMarket by 4.3% in the fourth 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 boosted its stake in NewMarket by 2.6% during the fourth 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 during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.
NewMarket Trading Down 2.7 %
NewMarket stock traded down $14.98 during mid-day trading on Monday, hitting $530.51. The company's stock had a trading volume of 70,506 shares, compared to its average volume of 36,406. NewMarket Co. has a one year low of $480.00 and a one year high of $624.91. The stock has a market cap of $5.03 billion, a PE ratio of 11.00 and a beta of 0.44. The company has a 50 day moving average of $539.43 and a 200-day moving average of $532.80. 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 posted its quarterly earnings results 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $2.75 dividend. This is an increase from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Monday, March 17th. NewMarket's payout ratio is presently 22.82%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on NewMarket
About NewMarket
(
Free Report)
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.
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