Heritage Wealth Advisors Buys 589 Shares of NewMarket Co. (NYSE:NEU)

Heritage Wealth Advisors boosted its position in shares of NewMarket Co. (NYSE:NEU) by 78.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,340 shares of the specialty chemicals company’s stock after purchasing an additional 589 shares during the quarter. Heritage Wealth Advisors’ holdings in NewMarket were worth $708,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NEU. Eagle Bay Advisors LLC bought a new stake in shares of NewMarket in the fourth quarter worth $40,000. Centricity Wealth Management LLC bought a new stake in NewMarket during the fourth quarter valued at approximately $56,000. Blue Trust Inc. increased its holdings in NewMarket by 55.3% during the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock valued at $65,000 after buying an additional 42 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in NewMarket in the fourth quarter worth approximately $74,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of NewMarket by 481.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company’s stock worth $83,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

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.

NewMarket Price Performance

Shares of NewMarket stock opened at $547.66 on Wednesday. The firm has a market cap of $5.20 billion, a PE ratio of 11.36 and a beta of 0.41. The stock has a 50 day moving average of $529.02 and a 200 day moving average of $533.06. 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.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $2.75 dividend. The ex-dividend date is Monday, March 17th. This is an increase from NewMarket’s previous quarterly dividend of $2.50. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.01%. NewMarket’s dividend payout ratio (DPR) is currently 22.82%.

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.