2,337 Shares in NewMarket Co. (NYSE:NEU) Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. bought a new stake in NewMarket Co. (NYSE:NEU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,337 shares of the specialty chemicals company’s stock, valued at approximately $1,276,000.

A number of other hedge funds have also made changes to their positions in the company. FSC Wealth Advisors LLC purchased a new stake in shares of NewMarket in the 4th quarter worth about $39,000. Lindbrook Capital LLC raised its position in NewMarket by 35.6% during the fourth quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 21 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of NewMarket in the fourth quarter valued at about $50,000. Hanseatic Management Services Inc. acquired a new stake in shares of NewMarket in the third quarter valued at approximately $41,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of NewMarket by 153.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock worth $141,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Up 1.4 %

Shares of NYSE:NEU opened at $546.89 on Friday. The company has a market capitalization of $5.24 billion, a P/E ratio of 13.16 and a beta of 0.51. The stock’s fifty day simple moving average is $604.77 and its 200-day simple moving average is $563.95. NewMarket Co. has a 52-week low of $387.16 and a 52-week high of $650.00. The company has a quick ratio of 1.60, a current ratio of 2.86 and a debt-to-equity ratio of 1.11.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share (EPS) for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%. The company had revenue of $696.74 million for the quarter.

NewMarket Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $2.50 per share. The ex-dividend date is Friday, June 14th. This represents a $10.00 dividend on an annualized basis and a yield of 1.83%. NewMarket’s dividend payout ratio (DPR) is currently 24.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.

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.