3,054 Shares in NewMarket Co. (NYSE:NEU) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,054 shares of the specialty chemicals company's stock, valued at approximately $1,613,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEU. Eagle Bay Advisors LLC purchased a new position in shares of NewMarket during the fourth quarter valued at approximately $40,000. Centricity Wealth Management LLC bought a new position in NewMarket in the 4th quarter worth $56,000. Blue Trust Inc. lifted its position in shares of NewMarket by 55.3% during the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock valued at $65,000 after buying an additional 42 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in NewMarket in the 4th quarter worth approximately $74,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of NewMarket by 481.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company's stock worth $83,000 after buying an additional 130 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Price Performance

Shares of NewMarket stock traded up $5.44 during trading hours on Thursday, reaching $633.77. The company's stock had a trading volume of 1,513 shares, compared to its average volume of 45,483. The stock has a market cap of $5.98 billion, a P/E ratio of 13.15 and a beta of 0.41. NewMarket Co. has a one year low of $480.00 and a one year high of $637.16. The firm has a 50 day moving average price of $562.57 and a 200-day moving average price of $540.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. The business had revenue of $700.95 million during the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $2.75 per share. The ex-dividend date is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a yield of 1.74%. NewMarket's dividend payout ratio is currently 21.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report 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.