Bank of New York Mellon Corp Has $51.07 Million Stock Holdings in NewMarket Corporation (NYSE:NEU)

Bank of New York Mellon Corp lessened its position in NewMarket Corporation (NYSE:NEU - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,159 shares of the specialty chemicals company's stock after selling 1,716 shares during the period. Bank of New York Mellon Corp owned about 0.95% of NewMarket worth $51,071,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NEU. Atria Investments Inc raised its holdings in shares of NewMarket by 1.6% in the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after buying an additional 20 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of NewMarket by 39.2% in the first 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 last quarter. Parallel Advisors LLC raised its holdings in shares of NewMarket by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the last quarter. Bessemer Group Inc. raised its holdings in NewMarket by 166.7% during the 4th 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. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in NewMarket by 557.1% during the 1st 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. Institutional investors and hedge funds own 61.09% of the company's stock.

Insider Activity

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 directly owned 358 shares in the company, valued at approximately $229,989.94. The trade was a 46.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 19.10% of the company's stock.

NewMarket Trading Down 0.9%

Shares of NewMarket stock traded down $6.82 during trading on Friday, hitting $727.76. 52,601 shares of the company were exchanged, compared to its average volume of 53,303. The firm has a market capitalization of $6.86 billion, a P/E ratio of 14.49 and a beta of 0.42. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $743.52. The firm's fifty day moving average price is $662.79 and its 200 day moving average price is $581.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.84 and a quick ratio of 1.60.

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

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th were given a dividend of $2.75 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $11.00 annualized dividend and a dividend yield of 1.51%. NewMarket's payout ratio is currently 21.89%.

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.