Jane Street Group LLC Has $491,000 Stock Holdings in NewMarket Co. (NYSE:NEU)

Jane Street Group LLC trimmed its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 92.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 929 shares of the specialty chemicals company's stock after selling 11,491 shares during the quarter. Jane Street Group LLC's holdings in NewMarket were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NEU. Barclays PLC lifted its position in NewMarket by 34.5% in the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock worth $2,656,000 after purchasing an additional 1,235 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of NewMarket in the fourth quarter worth $252,000. Empowered Funds LLC increased its stake in shares of NewMarket by 61.3% in the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock worth $787,000 after acquiring an additional 566 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of NewMarket by 5.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after acquiring an additional 55 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in NewMarket by 10.9% in the fourth quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock worth $189,000 after purchasing an additional 35 shares in the last quarter. 61.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the company's stock in a transaction dated 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 now owns 358 shares in the company, valued at approximately $229,989.94. This represents a 46.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.10% of the stock is currently owned by insiders.

NewMarket Price Performance

NEU traded down $3.23 during midday trading on Tuesday, reaching $640.27. 31,002 shares of the company's stock were exchanged, compared to its average volume of 36,543. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 13.28 and a beta of 0.41. 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 one year low of $480.00 and a one year high of $653.71. The business has a 50-day simple moving average of $599.88 and a two-hundred day simple moving average of $553.52.

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

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a $2.75 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 annualized dividend and a yield of 1.72%. NewMarket's dividend payout ratio is currently 21.89%.

Analysts Set New Price Targets

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

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.