Mackenzie Financial Corp Purchases 5,435 Shares of NewMarket Co. (NYSE:NEU)

Mackenzie Financial Corp raised its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 254.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,571 shares of the specialty chemicals company's stock after purchasing an additional 5,435 shares during the period. Mackenzie Financial Corp owned about 0.08% of NewMarket worth $4,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System bought a new position in shares of NewMarket during the fourth quarter worth about $1,037,000. International Assets Investment Management LLC grew its position in shares of NewMarket by 54,482.1% during the fourth quarter. International Assets Investment Management LLC now owns 21,287 shares of the specialty chemicals company's stock worth $11,619,000 after acquiring an additional 21,248 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of NewMarket by 3.4% during the fourth quarter. New York State Teachers Retirement System now owns 9,193 shares of the specialty chemicals company's stock worth $5,018,000 after acquiring an additional 300 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of NewMarket during the fourth quarter worth about $328,000. Finally, Ritholtz Wealth Management grew its position in shares of NewMarket by 170.6% during the fourth quarter. Ritholtz Wealth Management now owns 1,226 shares of the specialty chemicals company's stock worth $669,000 after acquiring an additional 773 shares during the last quarter. Institutional investors own 61.09% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 4th.

NewMarket Stock Performance

Shares of NewMarket stock traded up $2.17 during trading on Monday, hitting $588.51. 34,556 shares of the stock were exchanged, compared to its average volume of 43,146. The stock's fifty day moving average is $615.45 and its 200 day moving average is $559.77. The stock has a market cap of $5.64 billion, a PE ratio of 14.56 and a beta of 0.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.60 and a current ratio of 2.85. NewMarket Co. has a 12 month low of $362.16 and a 12 month high of $650.00.

NewMarket (NYSE:NEU - Get Free Report) last announced its earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 earnings per share (EPS) for the quarter. The firm had revenue of $643.35 million during the quarter. NewMarket had a net margin of 14.41% and a return on equity of 41.33%.

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from NewMarket's previous quarterly dividend of $2.25. NewMarket's dividend payout ratio is currently 24.73%.

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.