Bank of New York Mellon Corp Has $44.20 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

Bank of New York Mellon Corp decreased its holdings in shares of NewMarket Co. (NYSE:NEU) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 85,732 shares of the specialty chemicals company’s stock after selling 1,064 shares during the period. Bank of New York Mellon Corp owned approximately 0.89% of NewMarket worth $44,201,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in NewMarket in the first quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of NewMarket by 64.5% in the 1st 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. Janiczek Wealth Management LLC raised its position in shares of NewMarket by 1,300.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 52 shares during the period. EntryPoint Capital LLC boosted its stake in NewMarket by 29.6% during the 1st quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 40 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in NewMarket during the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

Insider Activity at NewMarket

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the transaction, the chief accounting officer now owns 358 shares in the company, valued at approximately $194,862.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.40% of the stock is currently owned by insiders.

NewMarket Stock Performance

NEU stock opened at $573.77 on Monday. NewMarket Co. has a 1-year low of $436.90 and a 1-year high of $650.00. The business’s 50-day moving average price is $541.59 and its two-hundred day moving average price is $567.13. The firm has a market cap of $5.50 billion, a PE ratio of 13.80 and a beta of 0.47. The company has a current ratio of 2.66, a quick ratio of 1.48 and a debt-to-equity ratio of 0.95.

NewMarket (NYSE:NEU) last released 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 for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, September 16th. NewMarket’s dividend payout ratio is 24.06%.

Analyst Ratings Changes

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

NewMarket Profile

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.