Two Sigma Investments LP acquired a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position 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 buying an additional 1,235 shares during the period. Janney Montgomery Scott LLC bought a new stake in NewMarket during the 4th quarter worth approximately $252,000. Empowered Funds LLC lifted its stake in NewMarket by 61.3% in 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 in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in NewMarket by 5.6% in 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 in the last quarter. Finally, Principal Securities Inc. boosted its holdings in 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 purchasing an additional 35 shares during the period. 61.09% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.
Read Our Latest Report on NEU
NewMarket Price Performance
Shares of NYSE:NEU traded down $7.67 on Wednesday, hitting $630.50. The company's stock had a trading volume of 48,815 shares, compared to its average volume of 36,588. The company has a market capitalization of $5.95 billion, a PE ratio of 13.08 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The company has a 50-day simple moving average of $599.88 and a 200 day simple moving average of $553.52. 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 posted its quarterly earnings data 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 company had revenue of $700.95 million for the quarter.
NewMarket Dividend Announcement
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, June 16th. NewMarket's dividend payout ratio (DPR) is currently 21.89%.
Insider Transactions at NewMarket
In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the 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 transaction, the chief accounting officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is currently owned by insiders.
NewMarket Company Profile
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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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