NewMarket Co. (NYSE:NEU) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,476 shares of the specialty chemicals company's stock after selling 2,613 shares during the period. Nuveen Asset Management LLC owned about 0.15% of NewMarket worth $7,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Assetmark Inc. raised its holdings in 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 acquiring an additional 20 shares during the period. Atria Investments Inc increased its holdings in shares of NewMarket by 1.6% in the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock worth $688,000 after purchasing an additional 20 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of NewMarket by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of NewMarket by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of NewMarket by 166.7% in the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 30 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.

NewMarket Price Performance

Shares of NEU stock traded up $8.19 during trading hours on Friday, hitting $644.29. The stock had a trading volume of 51,559 shares, compared to its average volume of 36,587. NewMarket Co. has a one year low of $480.00 and a one year high of $653.71. 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 stock's 50-day moving average price is $596.46 and its two-hundred day moving average price is $552.22. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 13.36 and a beta of 0.41.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $2.75 per share. The ex-dividend date is Monday, June 16th. This represents a $11.00 annualized dividend and a dividend yield of 1.71%. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

Insider Activity at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the transaction, the chief accounting officer now owns 358 shares of the company's stock, valued at $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 19.10% of the stock is owned by company insiders.

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.