Steward Partners Investment Advisory LLC Has $83,000 Holdings in NewMarket Co. (NYSE:NEU)

Steward Partners Investment Advisory LLC boosted its stake in shares of NewMarket Co. (NYSE:NEU) by 481.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157 shares of the specialty chemicals company’s stock after purchasing an additional 130 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in NewMarket were worth $83,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of NewMarket in the fourth quarter valued at about $8,933,000. Bank of New York Mellon Corp boosted its holdings in NewMarket by 20.6% in the fourth quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company’s stock valued at $48,542,000 after acquiring an additional 15,694 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of NewMarket by 29.2% during the 4th quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company’s stock worth $35,545,000 after buying an additional 15,129 shares in the last quarter. State Street Corp raised its position in shares of 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 purchasing an additional 8,979 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in NewMarket by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock valued at $43,459,000 after buying an additional 7,719 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Performance

NYSE:NEU opened at $533.73 on Tuesday. The business’s 50-day moving average price is $523.17 and its two-hundred day moving average price is $533.73. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $638.21. The stock has a market cap of $5.06 billion, a P/E ratio of 11.07 and a beta of 0.41. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66.

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

NewMarket Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $2.75 dividend. 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 dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, March 17th. NewMarket’s dividend payout ratio (DPR) is currently 22.82%.

Analyst Upgrades and Downgrades

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

About NewMarket

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.