SG Americas Securities LLC raised its holdings in shares of NewMarket Co. (NYSE:NEU – Get Rating) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,221 shares of the specialty chemicals company’s stock after acquiring an additional 164 shares during the quarter. SG Americas Securities LLC’s holdings in NewMarket were worth $1,313,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. ProShare Advisors LLC lifted its stake in NewMarket by 4.6% during the 4th quarter. ProShare Advisors LLC now owns 724 shares of the specialty chemicals company’s stock valued at $225,000 after acquiring an additional 32 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in NewMarket by 0.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 4,670 shares of the specialty chemicals company’s stock worth $1,405,000 after purchasing an additional 36 shares during the period. US Bancorp DE boosted its position in shares of NewMarket by 33.3% during the 3rd quarter. US Bancorp DE now owns 160 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 40 shares during the last quarter. Signaturefd LLC boosted its position in shares of NewMarket by 20.9% during the 4th quarter. Signaturefd LLC now owns 255 shares of the specialty chemicals company’s stock valued at $79,000 after acquiring an additional 44 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of NewMarket by 2.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 1,993 shares of the specialty chemicals company’s stock valued at $600,000 after acquiring an additional 45 shares during the last quarter. 58.48% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other NewMarket news, Director James E. Rogers sold 393 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $360.24, for a total value of $141,574.32. Following the completion of the sale, the director now owns 3,205 shares in the company, valued at $1,154,569.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 20.90% of the company’s stock.
Analyst Upgrades and Downgrades
NewMarket Stock Down 0.8 %
NewMarket stock opened at $362.20 on Thursday. The stock has a market cap of $3.51 billion, a PE ratio of 13.00 and a beta of 0.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.32 and a current ratio of 2.81. NewMarket Co. has a one year low of $280.28 and a one year high of $372.50. The stock has a fifty day moving average of $354.98 and a 200 day moving average of $332.70.
NewMarket (NYSE:NEU – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The specialty chemicals company reported $9.26 EPS for the quarter. The company had revenue of $682.56 million during the quarter. NewMarket had a return on equity of 39.23% and a net margin of 10.11%.
NewMarket Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, March 14th. NewMarket’s payout ratio is 30.14%.
NewMarket Company Profile
NewMarket Corp. operates as a holding company. The firm’s segment include petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It manages properties owned in Virginia and provides various administrative services.
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