WBI Investments LLC purchased a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 709 shares of the specialty chemicals company's stock, valued at approximately $375,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings 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 worth $2,656,000 after purchasing an additional 1,235 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of NewMarket during the fourth quarter worth about $252,000. Empowered Funds LLC boosted its holdings in shares of NewMarket by 61.3% during the fourth 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 during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of NewMarket by 5.6% during the fourth 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 during the period. Finally, Principal Securities Inc. boosted its holdings in shares of NewMarket by 10.9% during 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 during the period. 61.09% of the stock is owned by institutional investors.
Insider Buying and Selling
In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's 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 now owns 358 shares of the company's stock, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.10% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.
Check Out Our Latest Stock Report on NewMarket
NewMarket Trading Down 1.1%
NEU stock traded down $7.39 during trading on Friday, reaching $639.67. The company had a trading volume of 36,771 shares, compared to its average volume of 36,607. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $653.71. The company has a market cap of $6.03 billion, a P/E ratio of 13.27 and a beta of 0.41. The business has a 50 day moving average of $586.50 and a 200 day moving average of $549.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.
NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) 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 during the quarter.
NewMarket Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Monday, June 16th. NewMarket's payout ratio is currently 21.89%.
NewMarket 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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