Cetera Investment Advisers Lowers Stock Holdings in NewMarket Corporation (NYSE:NEU)

Cetera Investment Advisers decreased its position in shares of NewMarket Corporation (NYSE:NEU) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,509 shares of the specialty chemicals company’s stock after selling 28 shares during the period. Cetera Investment Advisers’ holdings in NewMarket were worth $855,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in shares of NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of NewMarket by 557.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of NewMarket by 7,700.0% during the first quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA grew its stake in shares of NewMarket by 185.2% during the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 50 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of NewMarket by 39.2% during the first quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Up 1.4%

Shares of NYSE:NEU opened at $772.40 on Thursday. The stock’s 50-day moving average price is $700.69 and its 200-day moving average price is $615.52. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $775.62. The stock has a market capitalization of $7.26 billion, a P/E ratio of 15.31 and a beta of 0.45. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. The firm had revenue of $698.51 million for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $11.00 annualized dividend and a dividend yield of 1.4%. NewMarket’s dividend payout ratio (DPR) is presently 21.80%.

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.