5,296 Shares in NewMarket Co. (NYSE:NEU) Purchased by Two Sigma Investments LP

Two Sigma Investments LP acquired a new position in NewMarket Co. (NYSE:NEU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,296 shares of the specialty chemicals company's stock, valued at approximately $2,798,000. Two Sigma Investments LP owned 0.06% of NewMarket at the end of the most recent reporting period.

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 fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 30 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of NewMarket in the fourth quarter valued at about $56,000. Kapitalo Investimentos Ltda acquired a new stake in shares of NewMarket in the fourth quarter valued at about $59,000. Blue Trust Inc. grew its stake in shares of 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 in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of NewMarket in the fourth quarter valued at about $74,000. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

Shares of NYSE NEU traded down $0.25 during trading on Monday, reaching $643.81. The stock had a trading volume of 32,864 shares, compared to its average volume of 36,572. NewMarket Co. has a one year low of $480.00 and a one year high of $653.71. 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 stock has a market cap of $6.07 billion, a PE ratio of 13.35 and a beta of 0.41. The firm's 50 day moving average price is $596.46 and its two-hundred day moving average price is $552.26.

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

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Monday, June 16th. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

Insider Transactions at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the transaction, the chief accounting officer now owns 358 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 19.10% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen lowered NewMarket from a "strong-buy" rating to a "buy" rating in a research note 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.