2 weeks Ago By ABMN Staff
Prudential Financial Inc. reduced its holdings in NewMarket Co. ( NYSE:NEU – Free Report ) by 89.
1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 540 shares of the specialty chemicals company’s stock after selling 4,399 shares during the period. Prudential Financial Inc.
’s holdings in NewMarket were worth $285,000 at the end of the most recent reporting period. A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc.
lifted its position in shares of NewMarket by 1.2% in the fourth quarter. Vanguard Group Inc.
now owns 731,312 shares of the specialty chemicals company’s stock worth $386,389,000 after purchasing an additional 8,951 shares in the last quarter. State Street Corp boosted its holdings in NewMarket by 4.1% during the third quarter.
State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock valued at $127,132,000 after acquiring an additional 8,979 shares during the period. Pacer Advisors Inc. boosted its stake in NewMarket by 1.
3% during the 4th quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company’s stock valued at $104,648,000 after purchasing an additional 2,493 shares during the period.
Bank of New York Mellon Corp boosted its position in shares of 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 period.
Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NewMarket by 4.6% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 82,347 shares of the specialty chemicals company’s stock worth $43,508,000 after acquiring an additional 3,601 shares during the last quarter. 61.
09% of the stock is currently owned by institutional investors and hedge funds. NewMarket Trading Down 0.3 % NewMarket stock opened at $548.
07 on Friday. NewMarket Co. has a 12 month low of $480.
00 and a 12 month high of $602.51. The stock has a market cap of $5.
20 billion, a price-to-earnings ratio of 11.37 and a beta of 0.44.
The business has a 50 day moving average price of $543.48 and a two-hundred day moving average price of $532.56.
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 Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a $2.
75 dividend. This is a positive change from NewMarket’s previous quarterly dividend of $2.50.
The ex-dividend date of this dividend was Monday, March 17th. This represents a $11.00 annualized dividend and a dividend yield of 2.
01%. NewMarket’s dividend payout ratio is presently 22.82%.
Analyst Ratings Changes Separately, StockNews.com downgraded shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Check Out Our Latest Analysis on NewMarket NewMarket Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for NewMarket Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewMarket and related companies with MarketBeat.com's FREE daily email newsletter .
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