Creative Planning Sells 34 Shares of NewMarket Co. (NYSE:NEU)

Creative Planning trimmed its holdings in NewMarket Co. (NYSE:NEU) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,071 shares of the specialty chemicals company’s stock after selling 34 shares during the period. Creative Planning’s holdings in NewMarket were worth $591,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in NewMarket by 4.7% during the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock worth $399,000 after buying an additional 33 shares during the last quarter. Arizona State Retirement System raised its stake in shares of NewMarket by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock valued at $1,038,000 after acquiring an additional 36 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in NewMarket by 29.6% in the 1st quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 40 shares during the last quarter. ORG Partners LLC bought a new stake in NewMarket during the first quarter worth approximately $30,000. Finally, Janney Montgomery Scott LLC grew its holdings in NewMarket by 10.5% during the first quarter. Janney Montgomery Scott LLC now owns 505 shares of the specialty chemicals company’s stock valued at $320,000 after purchasing an additional 48 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Price Performance

Shares of NYSE:NEU opened at $524.87 on Tuesday. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 11.66 and a beta of 0.50. The business has a 50 day moving average price of $542.63 and a 200 day moving average price of $542.16. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. NewMarket Co. has a twelve month low of $483.68 and a twelve month high of $650.00.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The company had revenue of $724.95 million during the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%.

NewMarket Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio is 22.21%.

Insider Transactions at NewMarket

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 358 shares of the company’s stock, 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 can be accessed through this link. 20.40% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.