Marshall Wace LLP Invests $1.55 Million in NewMarket Co. (NYSE:NEU)

Marshall Wace LLP purchased a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,012 shares of the specialty chemicals company's stock, valued at approximately $1,553,000.

A number of other large investors have also recently made changes to their positions in NEU. UMB Bank n.a. increased its position in shares of NewMarket by 64.5% during the 1st quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 20 shares during the last quarter. Bank of Montreal Can raised its position in NewMarket by 4.7% in the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company's stock worth $399,000 after acquiring an additional 33 shares during the period. Arizona State Retirement System raised its position in NewMarket by 1.8% in the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company's stock worth $1,038,000 after acquiring an additional 36 shares during the period. EntryPoint Capital LLC boosted its stake in shares of NewMarket by 29.6% during the 1st quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company's stock worth $111,000 after acquiring an additional 40 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of NewMarket by 4.0% during the 1st quarter. Park Avenue Securities LLC now owns 1,254 shares of the specialty chemicals company's stock valued at $796,000 after acquiring an additional 48 shares during the period. 61.09% of the stock is currently owned by institutional investors.

NewMarket Price Performance

NEU stock traded down $0.31 during trading on Friday, reaching $529.29. The company's stock had a trading volume of 23,510 shares, compared to its average volume of 37,311. The company has a quick ratio of 1.48, a current ratio of 2.66 and a debt-to-equity ratio of 0.95. The company's fifty day moving average is $552.61 and its 200-day moving average is $554.89. The company has a market capitalization of $5.08 billion, a P/E ratio of 12.73 and a beta of 0.49. NewMarket Co. has a 1 year low of $436.90 and a 1 year high of $650.00.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 EPS for the quarter. The company had revenue of $710.23 million for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.89%. NewMarket's dividend payout ratio is currently 24.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of NewMarket from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th.

Insider Activity at NewMarket

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $544.31, for a total value of $691,273.70. Following the transaction, the chief accounting officer now owns 358 shares of the company's stock, valued at $194,862.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.40% of the stock is currently owned by insiders.

NewMarket 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.