BNP Paribas Financial Markets boosted its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 96.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,777 shares of the specialty chemicals company's stock after buying an additional 1,362 shares during the period. BNP Paribas Financial Markets' holdings in NewMarket were worth $1,467,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of NEU. Barclays PLC lifted its holdings 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. Park Avenue Securities LLC lifted its holdings in NewMarket by 15.6% in the fourth 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 period. Janney Montgomery Scott LLC acquired a new position in NewMarket in the fourth quarter valued at approximately $252,000. Exchange Traded Concepts LLC lifted its holdings in NewMarket by 2.6% in the fourth 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 period. Finally, Blue Trust Inc. lifted its holdings in NewMarket by 55.3% in the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock valued at $65,000 after buying an additional 42 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.
NewMarket Stock Up 0.8%
Shares of NYSE:NEU opened at $651.15 on Monday. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $652.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The company has a market capitalization of $6.14 billion, a PE ratio of 13.51 and a beta of 0.41. The company has a 50 day moving average price of $574.56 and a two-hundred day moving average price of $545.48.
NewMarket (NYSE:NEU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%. The firm had revenue of $700.95 million during the quarter.
NewMarket Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's payout ratio is presently 21.89%.
Insider Buying and Selling at NewMarket
In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 358 shares of the company's stock, valued at $229,989.94. This represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.10% of the company's stock.
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.
View 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.
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