Smithfield Trust Co Sells 36 Shares of NewMarket Co. (NYSE:NEU)

Smithfield Trust Co trimmed its holdings in NewMarket Co. (NYSE:NEU) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 468 shares of the specialty chemicals company’s stock after selling 36 shares during the quarter. Smithfield Trust Co’s holdings in NewMarket were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NEU. Proficio Capital Partners LLC bought a new stake in NewMarket in the 4th quarter valued at $8,933,000. Bank of New York Mellon Corp boosted its stake in NewMarket by 20.6% during 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 buying an additional 15,694 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in NewMarket by 29.2% during the fourth quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company’s stock valued at $35,545,000 after buying an additional 15,129 shares during the last quarter. State Street Corp boosted its stake 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 buying an additional 8,979 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in NewMarket by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock worth $43,459,000 after purchasing an additional 7,719 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Up 1.1 %

Shares of NYSE:NEU opened at $559.35 on Thursday. 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 12 month low of $480.00 and a 12 month high of $638.21. The company has a 50-day moving average price of $520.71 and a 200 day moving average price of $535.09. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 11.60 and a beta of 0.48.

NewMarket (NYSE:NEU) last announced its quarterly earnings results 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $2.75 dividend. The ex-dividend date is Monday, March 17th. This represents a $11.00 annualized dividend and a dividend yield of 1.97%. This is an increase from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s dividend payout ratio is currently 22.82%.

Analyst Ratings Changes

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

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.