NewMarket Co. (NYSE:NEU) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in shares of NewMarket Co. (NYSE:NEU) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 851 shares of the specialty chemicals company’s stock after acquiring an additional 41 shares during the period. Sanctuary Advisors LLC’s holdings in NewMarket were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NEU. State Street Corp lifted its position in shares of NewMarket by 4.1% in the 3rd quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock worth $127,132,000 after buying an additional 8,979 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in NewMarket by 1.3% in the fourth quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company’s stock worth $104,648,000 after acquiring an additional 2,493 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in NewMarket by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock valued at $43,459,000 after acquiring an additional 7,719 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of NewMarket by 29.2% during the fourth quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company’s stock valued at $35,545,000 after purchasing an additional 15,129 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of NewMarket by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company’s stock worth $27,917,000 after purchasing an additional 722 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Performance

Shares of NEU opened at $570.25 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $650.00. The firm has a fifty day moving average of $518.82 and a 200-day moving average of $534.85. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 11.83 and a beta of 0.48.

NewMarket (NYSE:NEU) last posted its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a $2.75 dividend. This is a boost from NewMarket’s previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, March 17th. NewMarket’s dividend payout ratio (DPR) is currently 20.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

NewMarket Company 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.