Dimensional Fund Advisors LP Grows Stock Position in NewMarket Co. (NYSE:NEU)

Dimensional Fund Advisors LP boosted its stake in shares of NewMarket Co. (NYSE:NEU) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 159,467 shares of the specialty chemicals company’s stock after buying an additional 12,110 shares during the period. Dimensional Fund Advisors LP owned approximately 1.66% of NewMarket worth $82,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in NewMarket during the 1st quarter valued at $30,000. UMB Bank n.a. increased its stake in NewMarket by 64.5% in the first quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 20 shares during the period. Janiczek Wealth Management LLC increased its stake in NewMarket by 1,300.0% in the first 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 during the period. Headlands Technologies LLC purchased a new stake in NewMarket in the second quarter worth $33,000. Finally, Quest Partners LLC purchased a new stake in NewMarket in the second quarter worth $38,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Insider Transactions at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the 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 approximately $194,862.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

NewMarket Price Performance

NEU opened at $550.16 on Thursday. NewMarket Co. has a 12-month low of $436.90 and a 12-month high of $650.00. The company has a current ratio of 2.66, a quick ratio of 1.48 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $553.32 and its 200-day simple moving average is $558.95. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 13.23 and a beta of 0.50.

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

NewMarket Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, September 16th. NewMarket’s payout ratio is 24.06%.

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.