Ballew Advisors Inc Has $691,000 Stock Position in NewMarket Co. (NYSE:NEU)

Ballew Advisors Inc cut its holdings in NewMarket Co. (NYSE:NEU) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,405 shares of the specialty chemicals company’s stock after selling 55 shares during the quarter. Ballew Advisors Inc’s holdings in NewMarket were worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEU. Natixis Advisors LLC increased its holdings in shares of NewMarket by 19.4% during the third quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock worth $9,522,000 after buying an additional 2,807 shares in the last quarter. Barclays PLC increased its holdings in NewMarket by 34.5% in the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company’s stock worth $2,656,000 after purchasing an additional 1,235 shares in the last quarter. Edgestream Partners L.P. bought a new position in NewMarket in the second quarter valued at about $486,000. Van ECK Associates Corp boosted its stake in shares of NewMarket by 40.0% during the third quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock valued at $2,655,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NewMarket by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock worth $82,214,000 after purchasing an additional 12,110 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

NewMarket stock opened at $496.16 on Friday. The business has a 50 day moving average of $527.93 and a 200-day moving average of $538.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $650.00. The company has a market capitalization of $4.76 billion, a P/E ratio of 11.02 and a beta of 0.50.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The firm had revenue of $724.95 million during the quarter.

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were given a $2.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.02%. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

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.