Mitsubishi UFJ Trust & Banking Corp Sells 1,037 Shares of NewMarket Co. (NYSE:NEU)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of NewMarket Co. (NYSE:NEUGet Rating) by 92.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87 shares of the specialty chemicals company’s stock after selling 1,037 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NewMarket were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. US Bancorp DE increased its position in NewMarket by 51.9% in the second quarter. US Bancorp DE now owns 120 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 41 shares during the last quarter. SRS Capital Advisors Inc. increased its position in NewMarket by 15.6% during the first quarter. SRS Capital Advisors Inc. now owns 259 shares of the specialty chemicals company’s stock valued at $84,000 after acquiring an additional 35 shares during the last quarter. Covestor Ltd increased its position in NewMarket by 69.6% during the first quarter. Covestor Ltd now owns 570 shares of the specialty chemicals company’s stock valued at $185,000 after acquiring an additional 234 shares during the last quarter. Hightower 6M Holding LLC bought a new position in NewMarket during the first quarter valued at $225,000. Finally, Xponance Inc. increased its position in NewMarket by 6.0% during the second quarter. Xponance Inc. now owns 790 shares of the specialty chemicals company’s stock valued at $238,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 65.94% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of NewMarket in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

NewMarket Trading Up 0.4 %

NEU stock opened at $314.70 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.76 and a debt-to-equity ratio of 1.51. NewMarket Co. has a twelve month low of $280.28 and a twelve month high of $360.77. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 15.53 and a beta of 0.31. The firm’s fifty day simple moving average is $303.36 and its two-hundred day simple moving average is $306.09.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, December 14th. NewMarket’s dividend payout ratio is currently 41.46%.

About NewMarket

(Get Rating)

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. 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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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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