Great Valley Advisor Group Inc. Has $4.40 Million Stock Position in NewMarket Co. (NYSE:NEU)

Great Valley Advisor Group Inc. boosted its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,318 shares of the specialty chemicals company's stock after acquiring an additional 853 shares during the quarter. Great Valley Advisor Group Inc. owned about 0.09% of NewMarket worth $4,395,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of NewMarket by 34.5% during the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock valued at $2,656,000 after acquiring an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of NewMarket during the 4th quarter valued at about $252,000. Empowered Funds LLC increased its holdings in NewMarket by 61.3% during the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock worth $787,000 after purchasing an additional 566 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in NewMarket by 5.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after purchasing an additional 55 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of NewMarket by 10.9% in the 4th quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock valued at $189,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

NewMarket Stock Performance

NEU stock traded up $8.19 during trading on Friday, reaching $644.29. 51,559 shares of the company's stock were exchanged, compared to its average volume of 36,679. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $653.71. The company's fifty day moving average price is $594.53 and its 200-day moving average price is $551.57. The firm has a market cap of $6.08 billion, a PE ratio of 13.36 and a beta of 0.41.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%. The company had revenue of $700.95 million during the quarter.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $2.75 per share. 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 1.71%. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

Insiders Place Their Bets

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the business's 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 sale, the chief accounting officer now owns 358 shares of the company's stock, 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 accessible through this link. 19.10% of the stock is currently owned by insiders.

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.