NewMarket Co. (NYSE:NEU) Stock Holdings Lifted by Fmr LLC

Fmr LLC lifted its stake in shares of NewMarket Co. (NYSE:NEU) by 51.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 675 shares of the specialty chemicals company’s stock after acquiring an additional 230 shares during the quarter. Fmr LLC’s holdings in NewMarket were worth $372,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Natixis Advisors LLC lifted 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 valued at $9,522,000 after purchasing an additional 2,807 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in NewMarket during the 2nd quarter worth about $486,000. Van ECK Associates Corp raised its holdings in NewMarket by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock worth $2,655,000 after buying an additional 1,463 shares during the period. Dimensional Fund Advisors LP lifted its stake in NewMarket by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock valued at $82,214,000 after buying an additional 12,110 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of NewMarket in the second quarter worth about $1,251,000. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Performance

NewMarket stock opened at $524.20 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The company has a market cap of $5.03 billion, a P/E ratio of 11.64 and a beta of 0.50. NewMarket Co. has a fifty-two week low of $494.04 and a fifty-two week high of $650.00. The firm’s 50 day simple moving average is $537.84 and its 200-day simple moving average is $540.41.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, December 16th. NewMarket’s payout ratio is 22.21%.

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.