SG Americas Securities LLC purchased a new stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 704 shares of the specialty chemicals company's stock, valued at approximately $399,000.
Several other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. grew its holdings in shares of NewMarket by 0.6% during the fourth quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after buying an additional 20 shares during the last quarter. Atria Investments Inc lifted its position in NewMarket by 1.6% in the 4th quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after acquiring an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in NewMarket by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock valued at $825,000 after purchasing an additional 26 shares during the last quarter. UMB Bank n.a. boosted its stake in NewMarket by 39.2% during the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $58,000 after purchasing an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in NewMarket by 4.3% during the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.
NewMarket Stock Up 0.8%
Shares of NewMarket stock traded up $5.63 on Friday, hitting $686.49. The company had a trading volume of 319,087 shares, compared to its average volume of 50,434. NewMarket Corporation has a 1 year low of $480.00 and a 1 year high of $690.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.84. The stock has a 50 day moving average of $637.38 and a 200-day moving average of $568.09. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 13.66 and a beta of 0.41.
NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. NewMarket had a return on equity of 34.45% and a net margin of 17.22%. The business 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. Stockholders of record on Monday, June 16th will be issued a $2.75 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 annualized dividend and a dividend yield of 1.60%. NewMarket's dividend payout ratio is currently 21.89%.
Insider Activity
In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.10% of the stock is currently owned by corporate insiders.
About NewMarket
(
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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