Mutual Advisors LLC Purchases Shares of 585 NewMarket Co. (NYSE:NEU)

Mutual Advisors LLC bought a new position in NewMarket Co. (NYSE:NEUFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 585 shares of the specialty chemicals company’s stock, valued at approximately $319,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of NewMarket by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 717,923 shares of the specialty chemicals company’s stock worth $326,684,000 after acquiring an additional 40,028 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of NewMarket by 82.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,416 shares of the specialty chemicals company’s stock worth $1,100,000 after buying an additional 1,095 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of NewMarket by 28.1% in the 3rd quarter. American Century Companies Inc. now owns 3,699 shares of the specialty chemicals company’s stock worth $1,683,000 after buying an additional 811 shares during the last quarter. Creative Planning boosted its holdings in shares of NewMarket by 27.8% in the 3rd quarter. Creative Planning now owns 869 shares of the specialty chemicals company’s stock worth $395,000 after buying an additional 189 shares during the last quarter. Finally, Toroso Investments LLC boosted its holdings in shares of NewMarket by 14.4% in the 3rd quarter. Toroso Investments LLC now owns 1,214 shares of the specialty chemicals company’s stock worth $552,000 after buying an additional 153 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

NYSE NEU opened at $634.62 on Friday. The company has a market cap of $6.09 billion, a PE ratio of 15.70 and a beta of 0.45. NewMarket Co. has a 52 week low of $359.14 and a 52 week high of $650.00. The company has a quick ratio of 1.60, a current ratio of 2.85 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $607.98 and its two-hundred day simple moving average is $541.91.

NewMarket (NYSE:NEUGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 earnings per share for the quarter. NewMarket had a return on equity of 41.33% and a net margin of 14.41%. The firm had revenue of $643.35 million for the quarter.

NewMarket Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.58%. This is a boost from NewMarket’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 14th. NewMarket’s dividend payout ratio is 24.73%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 4th.

View Our Latest Stock Report 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.

See Also

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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