NewMarket Co. (NYSE:NEU) CAO Sells $691,273.70 in Stock

NewMarket Co. (NYSE:NEU) 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 transaction 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NewMarket Price Performance

Shares of NYSE:NEU traded up $4.13 during trading on Tuesday, hitting $547.92. 20,355 shares of the company were exchanged, compared to its average volume of 39,069. The business’s 50 day moving average is $534.26 and its 200-day moving average is $569.56. The company has a market capitalization of $5.26 billion, a P/E ratio of 13.08 and a beta of 0.47. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 0.95. NewMarket Co. has a 1-year low of $436.90 and a 1-year high of $650.00.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share for the quarter. The business had revenue of $710.23 million during the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a dividend of $2.50 per share. The ex-dividend date is Monday, September 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.83%. NewMarket’s dividend payout ratio (DPR) is currently 24.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of NewMarket from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Institutional Trading of NewMarket

A number of institutional investors have recently bought and sold shares of NEU. ORG Partners LLC bought a new stake in NewMarket during the first quarter valued at $30,000. UMB Bank n.a. boosted its position in NewMarket by 64.5% during the first quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 20 shares during the last quarter. Headlands Technologies LLC bought a new stake in NewMarket during the second quarter valued at $33,000. Janiczek Wealth Management LLC boosted its position in shares of NewMarket by 1,300.0% during the 1st quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 52 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of NewMarket during the 2nd quarter worth about $38,000. Institutional investors own 61.09% of the company’s stock.

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.