NewMarket Co. (NYSE:NEU) Shares Sold by Inceptionr LLC

Inceptionr LLC cut its stake in NewMarket Co. (NYSE:NEU) by 44.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,045 shares of the specialty chemicals company’s stock after selling 848 shares during the period. Inceptionr LLC’s holdings in NewMarket were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in NewMarket by 0.6% in the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company’s stock worth $1,647,000 after purchasing an additional 20 shares in the last quarter. Atria Investments Inc boosted its stake in NewMarket by 1.6% in the 4th quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company’s stock worth $688,000 after purchasing an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in NewMarket by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company’s stock worth $825,000 after purchasing an additional 26 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in NewMarket by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company’s stock worth $739,000 after purchasing an additional 35 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in NewMarket by 10.9% in the 4th quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company’s stock worth $189,000 after purchasing an additional 35 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Stock Performance

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 has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $5.20 billion, a PE ratio of 11.33 and a beta of 0.48. The firm has a 50 day moving average of $521.29 and a two-hundred day moving average of $535.14.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (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. 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 dividend payout ratio (DPR) is currently 22.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.