Burney Co. Lowers Holdings in NewMarket Co. (NYSE:NEU)

Burney Co. lowered its position in shares of NewMarket Co. (NYSE:NEU) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,412 shares of the specialty chemicals company’s stock after selling 105 shares during the period. Burney Co.’s holdings in NewMarket were worth $1,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NEU. Quest Partners LLC purchased a new position in NewMarket during the 2nd quarter valued at about $38,000. Blue Trust Inc. increased its holdings in NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 65 shares during the period. Eagle Bay Advisors LLC bought a new position in NewMarket in the fourth quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in NewMarket by 95.5% during the third quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company’s stock worth $119,000 after buying an additional 105 shares during the period. Finally, CENTRAL TRUST Co boosted its position in NewMarket by 36.9% during the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 59 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors.

NewMarket Trading Up 0.6 %

NEU opened at $499.09 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 11.08 and a beta of 0.50. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $650.00. The stock has a fifty day moving average price of $529.16 and a 200-day moving average price of $538.15.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The business had revenue of $724.95 million during the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were given a $2.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.00%. 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.