NewMarket Corporation (NYSE:NEU) Shares Sold by Vestcor Inc

Vestcor Inc lowered its position in NewMarket Corporation (NYSE:NEU - Free Report) by 11.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,522 shares of the specialty chemicals company's stock after selling 1,719 shares during the period. Vestcor Inc owned about 0.14% of NewMarket worth $7,660,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NEU. Bessemer Group Inc. raised its position in shares of NewMarket by 166.7% during 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. MassMutual Private Wealth & Trust FSB raised its position in shares of NewMarket by 557.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of NewMarket by 7,700.0% during the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 77 shares during the last quarter. Private Trust Co. NA raised its position in shares of NewMarket by 185.2% during the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 50 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of NewMarket by 39.2% during the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

Insider Buying and Selling at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were 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 owned 358 shares of the company's stock, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.10% of the stock is currently owned by company insiders.

NewMarket Price Performance

Shares of NEU traded up $12.10 during mid-day trading on Friday, hitting $699.10. 69,833 shares of the company were exchanged, compared to its average volume of 77,206. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $743.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.66. The company has a 50 day moving average of $685.20 and a 200-day moving average of $602.32. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 13.86 and a beta of 0.45.

NewMarket (NYSE:NEU - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share for the quarter. The business had revenue of $698.51 million for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%.

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.