Ballew Advisors Inc Sells 55 Shares of NewMarket Co. (NYSE:NEU)

Ballew Advisors Inc lowered its stake in shares of NewMarket Co. (NYSE:NEU) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,405 shares of the specialty chemicals company’s stock after selling 55 shares during the period. Ballew Advisors Inc’s holdings in NewMarket were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEU. Blue Trust Inc. lifted its position in NewMarket by 590.9% in the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 65 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in NewMarket during the 4th quarter worth $40,000. GAMMA Investing LLC grew its stake in shares of NewMarket by 95.5% in the 3rd quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company’s stock worth $119,000 after acquiring an additional 105 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of NewMarket by 36.9% in the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 59 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of NewMarket during the fourth quarter valued at about $159,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Down 0.5 %

NYSE:NEU opened at $496.16 on Friday. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $650.00. The firm has a 50-day moving average price of $527.93 and a two-hundred day moving average price of $538.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.02 and a beta of 0.50.

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

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, December 16th. NewMarket’s payout ratio is 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.