NewMarket Co. (NYSE:NEU) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in NewMarket Co. (NYSE:NEU - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,488 shares of the specialty chemicals company's stock after selling 20,183 shares during the quarter. AQR Capital Management LLC owned about 0.61% of NewMarket worth $30,902,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NEU. Barclays PLC grew its stake in NewMarket by 34.5% during the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock worth $2,656,000 after buying an additional 1,235 shares during the period. Janney Montgomery Scott LLC purchased a new position in NewMarket in the fourth quarter valued at about $252,000. Empowered Funds LLC lifted its stake in shares of NewMarket by 61.3% during the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock worth $787,000 after purchasing an additional 566 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of NewMarket by 5.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after buying an additional 55 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $27,917,000 after buying an additional 722 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

NewMarket Stock Up 0.3 %

NEU stock traded up $2.10 during trading on Friday, reaching $635.80. The stock had a trading volume of 6,897 shares, compared to its average volume of 36,228. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $564.00 and a 200 day moving average price of $540.96. The company has a market capitalization of $6.00 billion, a P/E ratio of 13.19 and a beta of 0.41. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $638.01.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%. The company had revenue of $700.95 million for the quarter.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a yield of 1.73%. NewMarket's dividend payout ratio is currently 21.89%.

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.