NewMarket Co. (NYSE:NEU) Stock Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of NewMarket Co. (NYSE:NEU) by 92.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208 shares of the specialty chemicals company’s stock after selling 2,721 shares during the period. SG Americas Securities LLC’s holdings in NewMarket were worth $114,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina raised its position in shares of NewMarket by 0.7% during the 3rd quarter. Treasurer of the State of North Carolina now owns 2,739 shares of the specialty chemicals company’s stock worth $1,246,000 after purchasing an additional 20 shares during the period. Xponance Inc. raised its position in shares of NewMarket by 3.1% during the 3rd quarter. Xponance Inc. now owns 805 shares of the specialty chemicals company’s stock worth $366,000 after purchasing an additional 24 shares during the period. Commonwealth Equity Services LLC raised its position in shares of NewMarket by 2.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,336 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 28 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its position in shares of NewMarket by 4.0% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,075 shares of the specialty chemicals company’s stock worth $489,000 after purchasing an additional 41 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of NewMarket by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,301 shares of the specialty chemicals company’s stock worth $1,205,000 after purchasing an additional 51 shares during the period. Institutional investors own 61.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 4th.

NewMarket Stock Down 0.1 %

NEU opened at $583.38 on Friday. NewMarket Co. has a 12 month low of $362.16 and a 12 month high of $650.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.85 and a quick ratio of 1.60. The stock has a market cap of $5.59 billion, a P/E ratio of 14.43 and a beta of 0.45. The stock’s 50 day moving average price is $615.76 and its 200 day moving average price is $556.45.

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

NewMarket Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $2.50 per share. The ex-dividend date was Thursday, March 14th. This is a boost from NewMarket’s previous quarterly dividend of $2.25. This represents a $10.00 annualized dividend and a dividend yield of 1.71%. NewMarket’s dividend payout ratio (DPR) is 24.73%.

NewMarket 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.