Crossmark Global Holdings Inc. Takes Position in NewMarket Corporation (NYSE:NEU)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of NEU. Vanguard Group Inc. raised its holdings in NewMarket by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 731,312 shares of the specialty chemicals company's stock worth $386,389,000 after purchasing an additional 8,951 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in NewMarket by 8.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company's stock worth $105,300,000 after purchasing an additional 15,155 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NewMarket by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company's stock valued at $89,938,000 after acquiring an additional 4,621 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NewMarket by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 124,387 shares of the specialty chemicals company's stock valued at $65,741,000 after acquiring an additional 1,733 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NewMarket by 54,160.0% during the first quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company's stock valued at $58,398,000 after acquiring an additional 102,904 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Up 0.9%

NYSE:NEU traded up $6.80 during trading hours on Thursday, reaching $736.62. The company's stock had a trading volume of 8,215 shares, compared to its average volume of 53,714. The company has a market capitalization of $6.95 billion, a P/E ratio of 14.61 and a beta of 0.42. NewMarket Corporation has a 12 month low of $480.00 and a 12 month 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. The stock has a 50 day moving average price of $668.78 and a two-hundred day moving average price of $585.26.

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

NewMarket Dividend Announcement

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

Insider Transactions at NewMarket

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

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.