Geode Capital Management LLC Has $65.74 Million Stake in NewMarket Co. (NYSE:NEU)

Geode Capital Management LLC boosted its position in NewMarket Co. (NYSE:NEU - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,387 shares of the specialty chemicals company's stock after buying an additional 1,733 shares during the quarter. Geode Capital Management LLC owned approximately 1.30% of NewMarket worth $65,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEU. Barclays PLC lifted its position in shares of NewMarket by 34.5% during the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock worth $2,656,000 after purchasing an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in NewMarket during the fourth quarter worth $252,000. Empowered Funds LLC increased its position 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 valued at $787,000 after purchasing an additional 566 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake 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 valued at $550,000 after purchasing an additional 55 shares in 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 in the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Trading Up 1.0 %

NYSE NEU traded up $5.59 during trading hours on Friday, hitting $564.28. The company's stock had a trading volume of 34,203 shares, compared to its average volume of 36,620. The stock has a fifty day moving average of $548.22 and a 200 day moving average of $533.03. The firm has a market capitalization of $5.35 billion, a P/E ratio of 11.70 and a beta of 0.44. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $596.89.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $2.75 per share. The ex-dividend date was Monday, March 17th. This is a positive change from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a yield of 1.95%. NewMarket's payout ratio is currently 22.82%.

Wall Street Analyst Weigh In

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

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.