Invesco Ltd. Sells 562 Shares of NewMarket Co. (NYSE:NEU)

Invesco Ltd. cut its stake in NewMarket Co. (NYSE:NEU - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,804 shares of the specialty chemicals company's stock after selling 562 shares during the period. Invesco Ltd. owned 1.69% of NewMarket worth $85,489,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of NewMarket by 0.6% in the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock worth $1,647,000 after purchasing an additional 20 shares during the period. Atria Investments Inc raised 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 worth $688,000 after buying an additional 20 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in 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 valued at $825,000 after buying an additional 26 shares during the period. Parallel Advisors LLC boosted its position in NewMarket by 4.3% during the fourth quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in NewMarket by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company's stock worth $739,000 after acquiring an additional 35 shares during the period. 61.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

NewMarket Trading Up 1.0 %

Shares of NewMarket stock traded up $5.59 on Friday, reaching $564.28. 34,203 shares of the company's stock were exchanged, compared to its average volume of 36,620. The firm's 50-day moving average is $548.22 and its two-hundred day moving average is $533.03. The company 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 debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $596.89.

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

NewMarket Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 1.95%. This is a positive change from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date of this dividend was Monday, March 17th. NewMarket's payout ratio is presently 22.82%.

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.