Mutual of America Capital Management LLC Sells 93 Shares of NewMarket Co. (NYSE:NEU)

Mutual of America Capital Management LLC decreased its position in shares of NewMarket Co. (NYSE:NEU) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,054 shares of the specialty chemicals company’s stock after selling 93 shares during the period. Mutual of America Capital Management LLC’s holdings in NewMarket were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC grew its holdings in NewMarket by 19.4% during the 3rd 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. Barclays PLC boosted its position in shares of NewMarket by 34.5% during the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company’s stock valued at $2,656,000 after buying an additional 1,235 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of NewMarket during the fourth quarter valued at approximately $252,000. Van ECK Associates Corp raised its holdings in shares of NewMarket by 40.0% in the third 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. Finally, Empowered Funds LLC lifted its stake in shares of NewMarket by 61.3% during the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 566 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 0.0 %

NYSE NEU opened at $546.11 on Friday. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $638.21. The company’s 50-day moving average price is $521.29 and its 200-day moving average price is $535.14. The stock has a market cap of $5.20 billion, a PE ratio of 11.33 and a beta of 0.48. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66.

NewMarket (NYSE:NEU) last issued its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from NewMarket’s previous quarterly dividend of $2.50. This represents a $11.00 dividend on an annualized basis and a yield of 2.01%. NewMarket’s payout ratio is 22.82%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.