Bank of New York Mellon Corp reduced its stake in shares of NewMarket Co. (NYSE:NEU) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,410 shares of the specialty chemicals company’s stock after selling 896 shares during the quarter. Bank of New York Mellon Corp owned about 0.99% of NewMarket worth $45,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEU. WINTON GROUP Ltd increased its position in shares of NewMarket by 64.7% in the 2nd quarter. WINTON GROUP Ltd now owns 17,464 shares of the specialty chemicals company’s stock valued at $7,064,000 after acquiring an additional 6,859 shares during the period. Signaturefd LLC increased its position in shares of NewMarket by 7,775.0% in the 2nd quarter. Signaturefd LLC now owns 315 shares of the specialty chemicals company’s stock valued at $127,000 after acquiring an additional 311 shares during the period. Paloma Partners Management Co acquired a new position in shares of NewMarket in the 2nd quarter valued at $290,000. Burney Co. increased its position in shares of NewMarket by 12.8% in the 2nd quarter. Burney Co. now owns 35,232 shares of the specialty chemicals company’s stock valued at $14,251,000 after acquiring an additional 4,004 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of NewMarket by 46.3% in the 2nd quarter. Citadel Advisors LLC now owns 23,020 shares of the specialty chemicals company’s stock valued at $9,311,000 after acquiring an additional 7,286 shares during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NEU opened at $407.30 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.88 and a current ratio of 3.28. NewMarket Co. has a 1 year low of $352.89 and a 1 year high of $437.63. The firm has a market capitalization of $4.74 billion, a P/E ratio of 23.31 and a beta of 0.66.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, October 24th. The specialty chemicals company reported $5.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.18. NewMarket had a return on equity of 34.96% and a net margin of 7.61%. The firm had revenue of $563.17 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, December 14th.

Separately, ValuEngine raised NewMarket from a “sell” rating to a “hold” rating in a research report on Monday, August 20th.

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NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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