Shares of NewMarket Co. (NYSE:NEU - Get Free Report) saw unusually-high trading volume on Friday . Approximately 49,086 shares traded hands during trading, an increase of 13% from the previous session's volume of 43,546 shares.The stock last traded at $655.63 and had previously closed at $654.94.
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.
Read Our Latest Stock Report on NEU
NewMarket Trading Down 1.6%
The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.02 billion, a PE ratio of 13.24 and a beta of 0.41. The stock's fifty day moving average price is $615.66 and its two-hundred day moving average price is $559.70.
NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. The business had revenue of $700.95 million during the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.
NewMarket Announces Dividend
The firm 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 of this dividend is Monday, June 16th. NewMarket's payout ratio is 21.89%.
Insider Activity at NewMarket
In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the sale, the chief accounting officer now directly owns 358 shares in the company, valued at $229,989.94. This trade represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 19.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in NEU. Empowered Funds LLC lifted 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 period. Envestnet Portfolio Solutions Inc. lifted its position in NewMarket by 5.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock valued at $550,000 after buying an additional 55 shares during the period. Principal Securities Inc. boosted its holdings in shares of NewMarket by 10.9% during the 4th quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock valued at $189,000 after buying an additional 35 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NewMarket by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock valued at $48,542,000 after buying an additional 15,694 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of NewMarket by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 851 shares of the specialty chemicals company's stock worth $426,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 61.09% of the company's stock.
NewMarket Company Profile
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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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