Voya Investment Management LLC Sells 725 Shares of NewMarket Co. (NYSE:NEU)

Voya Investment Management LLC cut its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,229 shares of the specialty chemicals company's stock after selling 725 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of NewMarket worth $3,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of NewMarket by 0.6% during the fourth quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after purchasing an additional 20 shares in the last quarter. Atria Investments Inc boosted its position in NewMarket by 1.6% during the 4th 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 period. Oregon Public Employees Retirement Fund grew its holdings in NewMarket by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after acquiring an additional 26 shares during the last quarter. Parallel Advisors LLC increased its position in NewMarket by 4.3% in the 4th 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 period. Finally, Bessemer Group Inc. raised its stake in shares of NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 61.09% of the company's stock.

Analyst Ratings Changes

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

NewMarket Trading Down 0.9 %

Shares of NewMarket stock traded down $5.64 on Wednesday, hitting $623.46. 3,693 shares of the company's stock traded hands, compared to its average volume of 36,252. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 12.93 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 company has a fifty day moving average of $561.37 and a two-hundred day moving average of $539.53. 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 released its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. The company had revenue of $700.95 million for 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 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.76%. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

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.