RK Asset Management LLC Sells 164 Shares of NewMarket Co. (NYSE:NEU)

RK Asset Management LLC lessened its position in shares of NewMarket Co. (NYSE:NEU) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,759 shares of the specialty chemicals company’s stock after selling 164 shares during the quarter. NewMarket comprises about 4.6% of RK Asset Management LLC’s investment portfolio, making the stock its 12th largest position. RK Asset Management LLC’s holdings in NewMarket were worth $5,685,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its stake in shares of NewMarket by 19.4% in the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock valued at $9,522,000 after purchasing an additional 2,807 shares during the period. Barclays PLC lifted its stake in NewMarket by 34.5% in the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company’s stock valued at $2,656,000 after buying an additional 1,235 shares during the period. Edgestream Partners L.P. bought a new position in NewMarket during the second quarter worth about $486,000. Van ECK Associates Corp grew its position in shares of NewMarket by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock worth $2,655,000 after buying an additional 1,463 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of NewMarket in the 2nd quarter valued at about $1,251,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Down 0.7 %

Shares of NYSE:NEU traded down $3.75 during mid-day trading on Friday, reaching $506.82. The stock had a trading volume of 22,740 shares, compared to its average volume of 25,970. The firm has a 50 day simple moving average of $538.02 and a two-hundred day simple moving average of $539.88. NewMarket Co. has a twelve month low of $494.04 and a twelve month high of $650.00. The firm has a market cap of $4.86 billion, a PE ratio of 11.26 and a beta of 0.50. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80.

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. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The company had revenue of $724.95 million for the quarter.

NewMarket Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were issued a $2.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.97%. NewMarket’s dividend payout ratio (DPR) is currently 22.21%.

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.