NewMarket Co. (NYSE:NEU) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its holdings in NewMarket Co. (NYSE:NEUFree Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 748 shares of the specialty chemicals company’s stock after selling 209 shares during the period. Bank of Nova Scotia’s holdings in NewMarket were worth $408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FSC Wealth Advisors LLC purchased a new stake in NewMarket in the 4th quarter worth $39,000. Lindbrook Capital LLC lifted its stake in NewMarket by 35.6% in the 4th quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 21 shares in the last quarter. GAMMA Investing LLC purchased a new stake in NewMarket during the 4th quarter worth approximately $50,000. Hanseatic Management Services Inc. acquired a new position in shares of NewMarket during the third quarter valued at approximately $41,000. Finally, Principal Securities Inc. acquired a new position in shares of NewMarket during the fourth quarter valued at approximately $124,000. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

NEU opened at $535.25 on Friday. NewMarket Co. has a twelve month low of $396.07 and a twelve month high of $650.00. The firm has a market capitalization of $5.13 billion, a PE ratio of 12.88 and a beta of 0.48. The company has a current ratio of 2.86, a quick ratio of 1.60 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $564.95 and its 200 day moving average price is $575.85.

NewMarket (NYSE:NEUGet Free Report) last issued its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. NewMarket had a return on equity of 38.99% and a net margin of 14.82%. The business had revenue of $696.74 million for the quarter.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, June 14th. This represents a $10.00 annualized dividend and a dividend yield of 1.87%. NewMarket’s dividend payout ratio is presently 24.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

Check Out Our Latest Report on NewMarket

NewMarket Profile

(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.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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