Ensign Peak Advisors Inc reduced its stake in NewMarket Co. (NYSE:NEU - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,902 shares of the specialty chemicals company's stock after selling 2,427 shares during the period. Ensign Peak Advisors Inc's holdings in NewMarket were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in NEU. Barclays PLC boosted its stake in shares of NewMarket by 34.5% in the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock valued at $2,656,000 after purchasing an additional 1,235 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of NewMarket by 35.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,839 shares of the specialty chemicals company's stock valued at $2,550,000 after purchasing an additional 1,263 shares in the last quarter. Park Avenue Securities LLC raised its holdings in NewMarket by 15.6% in the 4th quarter. Park Avenue Securities LLC now owns 1,269 shares of the specialty chemicals company's stock valued at $670,000 after buying an additional 171 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in NewMarket in the 4th quarter valued at approximately $252,000. Finally, Exchange Traded Concepts LLC raised its holdings in NewMarket by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company's stock valued at $739,000 after buying an additional 35 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.
NewMarket Stock Up 1.9%
Shares of NYSE NEU opened at $645.88 on Friday. The company has a 50 day simple moving average of $572.56 and a 200 day simple moving average of $544.60. The firm has a market cap of $6.09 billion, a PE ratio of 13.40 and a beta of 0.41. NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $649.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.
NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. The business had revenue of $700.95 million during the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.
NewMarket Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a $2.75 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a yield of 1.70%. NewMarket's dividend payout ratio (DPR) is presently 21.89%.
Insider Activity at NewMarket
In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $642.43, for a total transaction of $199,795.73. Following the completion of the transaction, the chief accounting officer now owns 358 shares in the company, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.
Get Our Latest Analysis on NewMarket
NewMarket Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NEU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewMarket Co. (NYSE:NEU - Free Report).
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