NewMarket Corporation (NYSE:NEU) Shares Sold by XTX Topco Ltd

Key Points

• XTX Topco Ltd has decreased its stock position in NewMarket Corporation by 27.5% in Q1, holding 1,364 shares valued at $773,000.
• Institutional investors and hedge funds collectively own 61.09% of NewMarket's stock, with several funds increasing their stakes significantly this year.
• NewMarket's most recent earnings report shows an EPS of $11.84 and revenues of $698.51 million for the quarter, alongside a net margin of 17.28%.

XTX Topco Ltd lowered its holdings in NewMarket Corporation (NYSE:NEU - Free Report) by 27.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,364 shares of the specialty chemicals company's stock after selling 517 shares during the quarter. XTX Topco Ltd's holdings in NewMarket were worth $773,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in NEU. LPL Financial LLC grew its position in shares of NewMarket by 49.2% in the fourth quarter. LPL Financial LLC now owns 4,145 shares of the specialty chemicals company's stock valued at $2,190,000 after purchasing an additional 1,367 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NewMarket by 9.5% during the 4th quarter. JPMorgan Chase & Co. now owns 55,382 shares of the specialty chemicals company's stock worth $29,261,000 after purchasing an additional 4,797 shares during the period. Pictet Asset Management Holding SA lifted its position in NewMarket by 26.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,150 shares of the specialty chemicals company's stock valued at $608,000 after buying an additional 240 shares in the last quarter. Franklin Resources Inc. boosted its position in NewMarket by 115.3% during the 4th quarter. Franklin Resources Inc. now owns 10,416 shares of the specialty chemicals company's stock worth $5,503,000 after purchasing an additional 5,577 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of NewMarket by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 124,387 shares of the specialty chemicals company's stock valued at $65,741,000 after buying an additional 1,733 shares in the last quarter. 61.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the transaction, the chief accounting officer directly owned 358 shares of the company's stock, valued at $229,989.94. This represents a 46.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 19.10% of the stock is currently owned by corporate insiders.

NewMarket Stock Down 0.4%

NYSE:NEU traded down $2.94 on Thursday, reaching $719.07. The stock had a trading volume of 25,130 shares, compared to its average volume of 74,698. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $743.52. The company has a 50-day moving average of $689.56 and a 200 day moving average of $606.77. The stock has a market cap of $6.76 billion, a P/E ratio of 14.24 and a beta of 0.45.

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

NewMarket Company 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.