Dimensional Fund Advisors LP raised its position in shares of NewMarket Co. (NYSE:NEU - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,218 shares of the specialty chemicals company's stock after purchasing an additional 4,621 shares during the period. Dimensional Fund Advisors LP owned 1.77% of NewMarket worth $89,938,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the company. Assetmark Inc. increased its position in shares of NewMarket by 0.6% during the fourth quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after buying an additional 20 shares during the period. Atria Investments Inc grew its stake in NewMarket by 1.6% during the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after acquiring an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in NewMarket by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC lifted its stake in NewMarket by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in NewMarket by 166.7% in the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 30 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.
Check Out Our Latest Stock Report on NewMarket
NewMarket Price Performance
NYSE NEU traded up $5.41 during trading on Friday, reaching $627.19. The company's stock had a trading volume of 43,989 shares, compared to its average volume of 36,355. The firm has a fifty day moving average of $558.79 and a 200 day moving average of $538.20. NewMarket Co. has a one year low of $480.00 and a one year high of $637.16. The stock has a market capitalization of $5.92 billion, a PE ratio of 13.01 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.
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 for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%. 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. Stockholders of record on Monday, June 16th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is currently 21.89%.
About NewMarket
(
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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