NewMarket Co. (NYSE:NEU) CAO Bruce R. Hazelgrove III Sells 311 Shares

NewMarket Co. (NYSE:NEU) CAO Bruce R. Hazelgrove III sold 311 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the transaction, the chief accounting officer now owns 358 shares in the company, valued at $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

NewMarket Trading Up 0.3%

NEU stock opened at $634.12 on Thursday. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $645.00. The company has a market cap of $5.98 billion, a P/E ratio of 13.15 and a beta of 0.41. The business has a fifty day moving average of $568.87 and a 200-day moving average of $543.22.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. The firm 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 firm also recently declared 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. This represents a $11.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, June 16th. NewMarket’s dividend payout ratio is 21.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

Institutional Investors Weigh In On NewMarket

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. boosted its stake in NewMarket by 166.7% in the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of NewMarket by 557.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 39 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of NewMarket by 587.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of NewMarket in the 4th quarter worth $40,000. Finally, Whipplewood Advisors LLC grew its stake in shares of NewMarket by 7,700.0% during the first quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 77 shares during the period. 61.09% of the stock is owned by institutional investors.

About NewMarket

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.