First Trust Advisors LP Sells 10,351 Shares of NewMarket Co. (NYSE:NEU)

First Trust Advisors LP decreased its position in NewMarket Co. (NYSE:NEU - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,890 shares of the specialty chemicals company's stock after selling 10,351 shares during the quarter. First Trust Advisors LP owned approximately 1.16% of NewMarket worth $58,589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its stake in NewMarket by 34.5% during the 3rd 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 in the last quarter. Janney Montgomery Scott LLC purchased a new position in NewMarket in the 4th quarter worth approximately $252,000. Empowered Funds LLC raised its holdings in NewMarket by 61.3% in the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock worth $787,000 after acquiring an additional 566 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in NewMarket by 5.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock valued at $550,000 after acquiring an additional 55 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in NewMarket by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock valued at $27,917,000 after purchasing an additional 722 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

NewMarket Stock Performance

NYSE:NEU traded up $1.98 during trading hours on Monday, reaching $602.96. The company had a trading volume of 4,581 shares, compared to its average volume of 36,076. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 12.54 and a beta of 0.44. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average price is $552.52 and its 200-day moving average price is $535.15. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $616.11.

NewMarket (NYSE:NEU - Get Free Report) last posted 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 during the quarter.

NewMarket Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, June 16th. NewMarket's payout ratio is 21.89%.

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.