Crossmark Global Holdings Inc. Purchases Shares of 453 NewMarket Corporation (NYSE:NEU)

Crossmark Global Holdings Inc. purchased a new stake in NewMarket Corporation (NYSE:NEU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 453 shares of the specialty chemicals company's stock, valued at approximately $257,000.

Several other hedge funds have also modified their holdings of the business. UMB Bank n.a. lifted its holdings in shares of NewMarket by 39.2% in the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 29 shares during the period. Parallel Advisors LLC raised its holdings in NewMarket by 4.3% during the fourth quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Bessemer Group Inc. raised its holdings in NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in NewMarket by 557.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in NewMarket by 3.2% during the first quarter. Park Avenue Securities LLC now owns 1,310 shares of the specialty chemicals company's stock worth $742,000 after purchasing an additional 41 shares during the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction on Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the sale, the chief accounting officer owned 358 shares of the company's stock, valued at $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is currently owned by corporate insiders.

NewMarket Price Performance

NEU stock traded up $8.10 during midday trading on Thursday, hitting $737.92. 58,621 shares of the stock were exchanged, compared to its average volume of 54,040. The stock's 50-day moving average price is $670.84 and its 200-day moving average price is $586.68. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 14.69 and a beta of 0.42. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $743.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.84.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share for the quarter. NewMarket had a return on equity of 34.45% and a net margin of 17.22%. The company had revenue of $700.95 million during the quarter.

NewMarket Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th were given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, June 16th. NewMarket's dividend payout ratio is currently 21.89%.

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.