NewMarket Co. (NYSE:NEU) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of NewMarket Co. (NYSE:NEU) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,743 shares of the specialty chemicals company’s stock after selling 254 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in NewMarket were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in NewMarket by 4.7% during the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock valued at $399,000 after buying an additional 33 shares in the last quarter. Arizona State Retirement System raised its stake in NewMarket by 1.8% during the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock valued at $1,038,000 after buying an additional 36 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in NewMarket by 13.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock valued at $210,000 after buying an additional 45 shares in the last quarter. Quantinno Capital Management LP raised its stake in NewMarket by 3.0% during the third quarter. Quantinno Capital Management LP now owns 1,675 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 48 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in NewMarket by 36.9% during the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Down 3.1 %

Shares of NewMarket stock opened at $522.36 on Thursday. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $537.83 and its 200-day simple moving average is $540.52. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 11.60 and a beta of 0.50. NewMarket Co. has a twelve month low of $494.04 and a twelve month high of $650.00.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The business had revenue of $724.95 million for the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio is currently 22.21%.

NewMarket 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.