Mutual of America Capital Management LLC Acquires 191 Shares of NewMarket Co. (NYSE:NEU)

Mutual of America Capital Management LLC lifted its holdings in NewMarket Co. (NYSE:NEU) by 4.8% in the third quarter, HoldingsChannel reports. The fund owned 4,147 shares of the specialty chemicals company’s stock after buying an additional 191 shares during the period. Mutual of America Capital Management LLC’s holdings in NewMarket were worth $2,289,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Great Valley Advisor Group Inc. lifted its position in NewMarket by 31.9% in the second quarter. Great Valley Advisor Group Inc. now owns 4,367 shares of the specialty chemicals company’s stock valued at $2,251,000 after purchasing an additional 1,056 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of NewMarket in the second quarter worth $486,000. Natixis Advisors LLC boosted its position in NewMarket by 19.4% during the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock valued at $9,522,000 after buying an additional 2,807 shares during the period. Van ECK Associates Corp boosted its position in NewMarket by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock valued at $2,655,000 after buying an additional 1,463 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in NewMarket by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock worth $82,214,000 after acquiring an additional 12,110 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

NewMarket Price Performance

Shares of NYSE NEU opened at $542.65 on Monday. NewMarket Co. has a 1 year low of $494.04 and a 1 year high of $650.00. The stock has a market capitalization of $5.21 billion, a P/E ratio of 12.05 and a beta of 0.50. The company’s 50-day moving average is $539.39 and its 200 day moving average is $541.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50.

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

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is 22.21%.

About NewMarket

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.