XTX Topco Ltd Cuts Position in NewMarket Corporation (NYSE:NEU)

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 stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,364 shares of the specialty chemicals company's stock after selling 517 shares during the period. XTX Topco Ltd's holdings in NewMarket were worth $773,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in NewMarket by 54,160.0% in the 1st quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company's stock valued at $58,398,000 after buying an additional 102,904 shares in the last quarter. Northern Trust Corp grew its position in shares of NewMarket by 23.8% during the 4th quarter. Northern Trust Corp now owns 80,156 shares of the specialty chemicals company's stock valued at $42,350,000 after purchasing an additional 15,424 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of NewMarket by 8.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company's stock worth $105,300,000 after acquiring an additional 15,155 shares during the last quarter. Barclays PLC lifted its holdings in shares of NewMarket by 293.3% during the 4th quarter. Barclays PLC now owns 18,928 shares of the specialty chemicals company's stock worth $10,002,000 after acquiring an additional 14,115 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in NewMarket by 115.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

NewMarket Trading Up 0.4%

NewMarket stock traded up $2.96 during mid-day trading on Tuesday, hitting $709.20. The company's stock had a trading volume of 47,740 shares, compared to its average volume of 77,586. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 14.06 and a beta of 0.45. The business has a 50 day moving average price of $687.81 and a 200-day moving average price of $605.99. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $743.52.

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

Insider Buying and Selling at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the sale, the chief accounting officer directly owned 358 shares in the company, valued at $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.10% of the stock is owned by corporate insiders.

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.