NewMarket Co. (NYSE:NEU) Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of NewMarket Co. (NYSE:NEU - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 41,896 shares of the specialty chemicals company's stock after buying an additional 4,518 shares during the period. New York State Common Retirement Fund owned 0.44% of NewMarket worth $22,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NEU. SG Americas Securities LLC lifted its stake in shares of NewMarket by 272.6% during the third quarter. SG Americas Securities LLC now owns 2,929 shares of the specialty chemicals company's stock valued at $1,333,000 after buying an additional 2,143 shares during the period. UMB Bank n.a. purchased a new position in shares of NewMarket during the third quarter valued at approximately $47,000. Commonwealth Equity Services LLC lifted its stake in shares of NewMarket by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 1,995 shares of the specialty chemicals company's stock valued at $908,000 after buying an additional 139 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of NewMarket by 334.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 50,027 shares of the specialty chemicals company's stock valued at $22,764,000 after buying an additional 38,509 shares during the period. Finally, Xponance Inc. lifted its stake in shares of NewMarket by 3.1% during the third quarter. Xponance Inc. now owns 805 shares of the specialty chemicals company's stock valued at $366,000 after buying an additional 24 shares during the period. Hedge funds and other institutional investors own 61.09% of the company's stock.

NewMarket Trading Down 0.8 %

NYSE:NEU traded down $4.18 during trading hours on Friday, reaching $529.41. 65,326 shares of the company were exchanged, compared to its average volume of 39,737. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 12.74 and a beta of 0.45. NewMarket Co. has a 52-week low of $371.69 and a 52-week high of $650.00. The stock has a 50 day simple moving average of $612.63 and a 200 day simple moving average of $561.87.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. The company had revenue of $696.74 million for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%.

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 14th. NewMarket's dividend payout ratio is currently 24.06%.

Analyst Upgrades and Downgrades

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

About NewMarket

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.