NewMarket Co. (NYSE:NEU) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of NewMarket Co. (NYSE:NEU) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,265 shares of the specialty chemicals company’s stock after selling 220 shares during the period. Mutual of America Capital Management LLC’s holdings in NewMarket were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. acquired a new position in NewMarket during the third quarter worth about $27,000. FSC Wealth Advisors LLC acquired a new position in NewMarket during the fourth quarter worth about $39,000. Hanseatic Management Services Inc. acquired a new position in NewMarket during the third quarter worth about $41,000. UMB Bank n.a. acquired a new position in NewMarket during the third quarter worth about $47,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in NewMarket by 153.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock worth $141,000 after acquiring an additional 187 shares during the period. 61.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NewMarket Trading Up 0.5 %

Shares of NEU opened at $586.10 on Friday. The business’s 50-day moving average price is $615.62 and its 200 day moving average price is $557.38. The stock has a market capitalization of $5.62 billion, a P/E ratio of 14.50 and a beta of 0.45. NewMarket Co. has a 1-year low of $362.16 and a 1-year high of $650.00. The company has a current ratio of 2.85, a quick ratio of 1.60 and a debt-to-equity ratio of 0.60.

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

NewMarket Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $2.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $10.00 dividend on an annualized basis and a yield of 1.71%. This is a boost from NewMarket’s previous quarterly dividend of $2.25. NewMarket’s dividend payout ratio (DPR) is currently 24.73%.

NewMarket Profile

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.