1,881 Shares in NewMarket Co. (NYSE:NEU) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,881 shares of the specialty chemicals company's stock, valued at approximately $994,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEU. Norges Bank purchased a new stake in shares of NewMarket in the 4th quarter worth about $41,268,000. American Century Companies Inc. boosted its position in NewMarket by 147.2% during the 4th quarter. American Century Companies Inc. now owns 47,717 shares of the specialty chemicals company's stock valued at $25,211,000 after acquiring an additional 28,417 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of NewMarket in the 4th quarter worth approximately $8,933,000. Bank of New York Mellon Corp lifted its stake in shares of NewMarket by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock valued at $48,542,000 after purchasing an additional 15,694 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in shares of NewMarket by 29.2% during the fourth quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company's stock valued at $35,545,000 after purchasing an additional 15,129 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

NewMarket Stock Down 0.6 %

Shares of NEU stock traded down $3.33 during trading hours on Monday, hitting $560.71. 6,118 shares of the company's stock traded hands, compared to its average volume of 36,475. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 11.63 and a beta of 0.44. The stock's fifty day simple moving average is $548.85 and its two-hundred day simple moving average is $533.12. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $596.89.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

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 $2.75 dividend. The ex-dividend date was Monday, March 17th. This is an increase from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a yield of 1.96%. NewMarket's dividend payout ratio (DPR) is presently 22.82%.

Analyst Ratings Changes

Separately, StockNews.com lowered NewMarket from a "strong-buy" rating to a "buy" rating in a research report 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.