CX Institutional acquired a new position in NewMarket Co. (NYSE:NEU - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,843 shares of the specialty chemicals company's stock, valued at approximately $4,328,000. CX Institutional owned approximately 0.08% of NewMarket at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEU. ORG Partners LLC acquired a new position in NewMarket in the 1st quarter valued at $30,000. Janiczek Wealth Management LLC lifted its holdings in NewMarket by 1,300.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 52 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of NewMarket in the 2nd quarter valued at approximately $33,000. Quest Partners LLC acquired a new position in shares of NewMarket during the second quarter valued at $38,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in NewMarket during the 2nd quarter valued at $54,000. 61.09% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction on Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $194,862.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.40% of the company's stock.
NewMarket Stock Up 0.7 %
NYSE:NEU traded up $3.65 during trading hours on Wednesday, reaching $530.20. 24,086 shares of the stock were exchanged, compared to its average volume of 36,818. The stock has a market cap of $5.09 billion, a PE ratio of 12.75 and a beta of 0.49. The firm has a 50 day moving average of $548.57 and a 200 day moving average of $549.72. NewMarket Co. has a twelve month low of $436.90 and a twelve month high of $650.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48.
NewMarket (NYSE:NEU - Get Free Report) last released its earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share for the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%. The business had revenue of $710.23 million during the quarter.
NewMarket Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were paid a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.89%. NewMarket's dividend payout ratio (DPR) is presently 24.06%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded NewMarket from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th.
Check Out Our Latest Analysis on NewMarket
About NewMarket
(
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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