3,012 Shares in NewMarket Co. (NYSE:NEU) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in shares of NewMarket Co. (NYSE:NEU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,012 shares of the specialty chemicals company’s stock, valued at approximately $1,553,000.

Other institutional investors have also bought and sold shares of the company. Alaska Permanent Fund Corp raised its position in shares of NewMarket by 142.6% during the 1st quarter. Alaska Permanent Fund Corp now owns 17,320 shares of the specialty chemicals company’s stock valued at $10,992,000 after buying an additional 10,182 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of NewMarket in the 4th quarter valued at approximately $957,000. Great Valley Advisor Group Inc. boosted its holdings in shares of NewMarket by 31.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,367 shares of the specialty chemicals company’s stock worth $2,251,000 after purchasing an additional 1,056 shares during the period. Lazard Asset Management LLC increased its position in shares of NewMarket by 102.6% during the 1st quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock valued at $23,079,000 after purchasing an additional 18,413 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in NewMarket during the 1st quarter valued at $2,040,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

NewMarket stock opened at $529.29 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. The firm has a market capitalization of $5.08 billion, a P/E ratio of 12.73 and a beta of 0.49. NewMarket Co. has a 1-year low of $436.90 and a 1-year high of $650.00. The company’s 50-day moving average is $552.61 and its 200 day moving average is $555.36.

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

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, September 16th. NewMarket’s payout ratio is presently 24.06%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $544.31, for a total value of $691,273.70. Following the completion of the sale, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at $194,862.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.40% of the stock is currently owned by insiders.

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.