Mutual of America Capital Management LLC Lowers Holdings in NewMarket Co. (NYSE:NEU)

Mutual of America Capital Management LLC trimmed its position in NewMarket Co. (NYSE:NEUGet Rating) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,662 shares of the specialty chemicals company’s stock after selling 575 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of NewMarket worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of NewMarket by 51.9% in the 2nd quarter. US Bancorp DE now owns 120 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 41 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of NewMarket by 15.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 259 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 35 shares during the last quarter. Covestor Ltd lifted its stake in shares of NewMarket by 69.6% during the 1st quarter. Covestor Ltd now owns 570 shares of the specialty chemicals company’s stock worth $185,000 after purchasing an additional 234 shares during the last quarter. Hightower 6M Holding LLC purchased a new stake in shares of NewMarket during the 1st quarter worth $225,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of NewMarket during the 1st quarter worth $252,000. 65.94% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Trading Up 0.4 %

Shares of NYSE NEU opened at $314.70 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.76 and a quick ratio of 1.37. The stock has a market capitalization of $3.11 billion, a P/E ratio of 15.53 and a beta of 0.31. NewMarket Co. has a 1-year low of $280.28 and a 1-year high of $360.77. The business has a fifty day moving average price of $303.36 and a 200 day moving average price of $306.09.

NewMarket Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, December 14th. NewMarket’s dividend payout ratio (DPR) is presently 41.46%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on NewMarket in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

NewMarket Profile

(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.

See Also

Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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