Great Valley Advisor Group Inc. Acquires 853 Shares of NewMarket Co. (NYSE:NEU)

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

A number of other large investors also recently modified their holdings of NEU. Bessemer Group Inc. grew its stake in shares of NewMarket by 166.7% in 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. Centricity Wealth Management LLC acquired a new stake in NewMarket in the fourth quarter valued at approximately $56,000. Kapitalo Investimentos Ltda acquired a new stake in NewMarket in the fourth quarter valued at approximately $59,000. Blue Trust Inc. lifted its stake 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 acquiring an additional 42 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of NewMarket in the fourth quarter worth $74,000. 61.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.

Insiders Place Their Bets

In other NewMarket 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 now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.10% of the company's stock.

NewMarket Price Performance

NYSE NEU traded up $8.19 on Friday, hitting $644.29. 51,559 shares of the company were exchanged, compared to its average volume of 36,587. The firm has a 50 day moving average of $596.46 and a two-hundred day moving average of $552.22. The company has a market cap of $6.08 billion, a P/E ratio of 13.36 and a beta of 0.41. The company has a current ratio of 2.75, a quick ratio of 1.40 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.

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 for the quarter. The business had revenue of $700.95 million for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Announces Dividend

The business also recently disclosed 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 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.