NewMarket Co. (NYSE:NEU) Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in NewMarket Co. (NYSE:NEU) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,436 shares of the specialty chemicals company’s stock after acquiring an additional 2,182 shares during the quarter. Natixis Advisors LLC owned 0.20% of NewMarket worth $10,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Eagle Bay Advisors LLC acquired a new stake in NewMarket during the fourth quarter valued at approximately $40,000. Centricity Wealth Management LLC bought a new position in shares of NewMarket in the fourth quarter valued at $56,000. Blue Trust Inc. lifted its position in shares of NewMarket by 55.3% during the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock valued at $65,000 after acquiring an additional 42 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of NewMarket during the 4th quarter worth $74,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of NewMarket by 481.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company’s stock worth $83,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

Analyst Ratings Changes

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

NewMarket Price Performance

NEU stock opened at $538.64 on Thursday. The firm has a 50-day moving average of $525.15 and a two-hundred day moving average of $533.51. The firm has a market capitalization of $5.11 billion, a PE ratio of 11.17 and a beta of 0.41. 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 Co. has a one year low of $480.00 and a one year high of $638.21.

NewMarket (NYSE:NEU) last posted its quarterly earnings data 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.04%. This is a positive change from NewMarket’s previous quarterly dividend of $2.50. The ex-dividend date is Monday, March 17th. NewMarket’s payout ratio is presently 22.82%.

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.