Cambridge Investment Research Advisors Inc. Boosts Stock Holdings in NewMarket Co. (NYSE:NEU)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of NewMarket Co. (NYSE:NEU – Get Rating) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,813 shares of the specialty chemicals company’s stock after purchasing an additional 29 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NewMarket were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System grew its position in shares of NewMarket by 1.4% in the 4th quarter. Arizona State Retirement System now owns 2,120 shares of the specialty chemicals company’s stock worth $660,000 after buying an additional 30 shares during the last quarter. ProShare Advisors LLC grew its position in shares of NewMarket by 4.6% in the 4th quarter. ProShare Advisors LLC now owns 724 shares of the specialty chemicals company’s stock worth $225,000 after buying an additional 32 shares during the last quarter. First Republic Investment Management Inc. grew its position in shares of NewMarket by 0.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 4,670 shares of the specialty chemicals company’s stock worth $1,405,000 after buying an additional 36 shares during the last quarter. US Bancorp DE grew its position in shares of NewMarket by 33.3% in the 3rd quarter. US Bancorp DE now owns 160 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 40 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in NewMarket by 20.9% in the 4th quarter. Signaturefd LLC now owns 255 shares of the specialty chemicals company’s stock worth $79,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 58.48% of the company’s stock.

NewMarket Stock Up 0.2 %

NEU stock opened at $396.90 on Thursday. The firm has a 50 day moving average of $375.59 and a 200 day moving average of $345.57. The stock has a market capitalization of $3.82 billion, a PE ratio of 12.32 and a beta of 0.37. The company has a quick ratio of 1.58, a current ratio of 3.16 and a debt-to-equity ratio of 1.17. NewMarket Co. has a 52 week low of $280.28 and a 52 week high of $404.60.

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from NewMarket’s previous quarterly dividend of $2.10. This represents a $9.00 dividend on an annualized basis and a yield of 2.27%. NewMarket’s dividend payout ratio (DPR) is 26.08%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 20th.

About NewMarket

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NewMarket Corp. operates as a holding company. The firm’s segment include petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It manages properties owned in Virginia and provides various administrative services.