Dimensional Fund Advisors LP Increases Stock Position in NewMarket Co. (NYSE:NEU)

Dimensional Fund Advisors LP grew its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,218 shares of the specialty chemicals company's stock after buying an additional 4,621 shares during the quarter. Dimensional Fund Advisors LP owned 1.77% of NewMarket worth $89,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NEU. Barclays PLC raised its position in NewMarket by 34.5% during the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock valued at $2,656,000 after purchasing an additional 1,235 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of NewMarket during the 4th quarter valued at approximately $252,000. Empowered Funds LLC raised its holdings in NewMarket by 61.3% during the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock valued at $787,000 after buying an additional 566 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in 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 last quarter. Finally, JPMorgan Chase & Co. boosted its stake in NewMarket by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock worth $27,917,000 after buying an additional 722 shares during the period. Institutional investors own 61.09% of the company's stock.

NewMarket Trading Up 0.9 %

Shares of NYSE:NEU traded up $5.41 during trading hours on Friday, hitting $627.19. 43,989 shares of the company's stock traded hands, compared to its average volume of 36,324. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The business has a fifty day moving average price of $557.51 and a 200-day moving average price of $537.39. NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $637.94. The firm has a market capitalization of $5.92 billion, a P/E ratio of 13.01 and a beta of 0.41.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is presently 21.89%.

Analyst Ratings Changes

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

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.