GAMMA Investing LLC Has $100,000 Stock Position in NewMarket Co. (NYSE:NEU)

GAMMA Investing LLC trimmed its position in NewMarket Co. (NYSE:NEU) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190 shares of the specialty chemicals company’s stock after selling 25 shares during the quarter. GAMMA Investing LLC’s holdings in NewMarket were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NEU. State Street Corp increased its position in NewMarket by 4.1% during the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock worth $127,132,000 after acquiring an additional 8,979 shares during the period. Pacer Advisors Inc. increased its position in NewMarket by 64.7% during the second quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company’s stock worth $102,211,000 after acquiring an additional 77,908 shares during the period. Allspring Global Investments Holdings LLC increased its position in NewMarket by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company’s stock worth $94,314,000 after acquiring an additional 537 shares during the period. Dimensional Fund Advisors LP increased its position 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 worth $82,214,000 after acquiring an additional 12,110 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in NewMarket by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock worth $43,459,000 after acquiring an additional 7,719 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Down 1.3 %

Shares of NEU stock opened at $483.52 on Friday. NewMarket Co. has a 1 year low of $481.95 and a 1 year high of $650.00. The firm’s fifty day simple moving average is $533.10 and its 200 day simple moving average is $538.64. The firm has a market capitalization of $4.64 billion, a P/E ratio of 10.74 and a beta of 0.50. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80.

NewMarket (NYSE:NEU) last announced its earnings results 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 net margin of 15.57% and a return on equity of 35.79%.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were issued a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, December 16th. NewMarket’s payout ratio is 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.