Mutual of America Capital Management LLC Has $2.29 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

Mutual of America Capital Management LLC lifted its holdings in shares of NewMarket Co. (NYSE:NEU) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,147 shares of the specialty chemicals company’s stock after purchasing an additional 191 shares during the period. Mutual of America Capital Management LLC’s holdings in NewMarket were worth $2,289,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. ProShare Advisors LLC acquired a new position in shares of NewMarket during the first quarter valued at about $215,000. CANADA LIFE ASSURANCE Co grew its stake in NewMarket by 9.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 7,311 shares of the specialty chemicals company’s stock valued at $4,642,000 after acquiring an additional 611 shares during the period. Price T Rowe Associates Inc. MD grew its stake in NewMarket by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,574 shares of the specialty chemicals company’s stock valued at $2,269,000 after acquiring an additional 192 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of NewMarket during the first quarter valued at approximately $399,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of NewMarket by 3.7% during the first quarter. Public Employees Retirement System of Ohio now owns 2,821 shares of the specialty chemicals company’s stock worth $1,790,000 after purchasing an additional 100 shares during the period. 61.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NewMarket from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

NewMarket Price Performance

NEU opened at $542.65 on Monday. NewMarket Co. has a twelve month low of $494.04 and a twelve month high of $650.00. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 12.05 and a beta of 0.50. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $539.39 and a 200-day moving average price of $541.63.

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

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 16th. 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.