WBI Investments LLC acquired a new stake in NewMarket Co. (NYSE:NEU - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 709 shares of the specialty chemicals company's stock, valued at approximately $375,000.
Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of NewMarket by 34.5% in the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock valued at $2,656,000 after purchasing an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of NewMarket in the 4th quarter valued at $252,000. Empowered Funds LLC boosted its stake in shares of NewMarket by 61.3% in the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock valued at $787,000 after purchasing an additional 566 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of NewMarket by 5.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock valued at $550,000 after purchasing an additional 55 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of 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 last quarter. 61.09% of the stock is owned by institutional investors.
NewMarket Stock Up 0.0%
Shares of NYSE NEU opened at $650.45 on Tuesday. The firm has a market cap of $6.14 billion, a PE ratio of 13.49 and a beta of 0.41. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $652.73. The company's fifty day simple moving average is $577.09 and its 200 day simple moving average is $546.46. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66.
NewMarket (NYSE:NEU - Get Free Report) last issued its 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 net margin of 16.59% and a return on equity of 35.48%.
NewMarket Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, June 16th. NewMarket's dividend payout ratio is presently 21.89%.
Insider Buying and Selling
In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now owns 358 shares in the company, valued at approximately $229,989.94. This represents a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 19.10% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.
Get Our Latest Report on NewMarket
NewMarket Profile
(
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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