NewMarket Co. (NYSE:NEU - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $653.71 and last traded at $650.09, with a volume of 25152 shares traded. The stock had previously closed at $650.81.
Analysts Set New Price Targets
Separately, StockNews.com 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 Analysis on NEU
NewMarket Trading Down 0.1%
The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 13.48 and a beta of 0.41. The business's fifty day moving average price is $577.09 and its 200 day moving average price is $546.46.
NewMarket (NYSE:NEU - Get Free Report) last announced 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 during the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.
NewMarket Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $2.75 per share. The ex-dividend date is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.69%. NewMarket's dividend payout ratio (DPR) is 21.89%.
Insider Buying and Selling
In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the 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 sale, the chief accounting officer now owns 358 shares of the company's stock, valued at approximately $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in NewMarket by 1.8% during the first quarter. Vanguard Group Inc. now owns 744,723 shares of the specialty chemicals company's stock worth $421,848,000 after buying an additional 13,411 shares during the last quarter. LSV Asset Management grew its holdings in NewMarket by 1.0% during the 1st quarter. LSV Asset Management now owns 205,047 shares of the specialty chemicals company's stock worth $116,149,000 after acquiring an additional 2,121 shares during the period. Pacer Advisors Inc. grew its holdings in NewMarket by 1.3% during the 4th quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company's stock worth $104,648,000 after acquiring an additional 2,493 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of NewMarket by 8.9% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of NewMarket by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company's stock worth $89,938,000 after acquiring an additional 4,621 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.
About NewMarket
(
Get 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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