Farther Finance Advisors LLC Grows Position in NewMarket Corporation (NYSE:NEU)

Farther Finance Advisors LLC boosted its stake in shares of NewMarket Corporation (NYSE:NEU) by 34.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 444 shares of the specialty chemicals company’s stock after purchasing an additional 113 shares during the period. Farther Finance Advisors LLC’s holdings in NewMarket were worth $252,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in NewMarket by 166.7% during the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 30 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in NewMarket by 557.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC lifted its stake in NewMarket by 7,700.0% during the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 77 shares during the period. Centricity Wealth Management LLC acquired a new stake in NewMarket during the 4th quarter valued at approximately $56,000. Finally, UMB Bank n.a. lifted its stake in NewMarket by 39.2% during the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

NewMarket Stock Performance

Shares of NYSE NEU opened at $648.74 on Thursday. The company has a current ratio of 2.84, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $671.16. The company has a 50 day simple moving average of $621.78 and a two-hundred day simple moving average of $561.57. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 12.91 and a beta of 0.41.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. NewMarket had a net margin of 17.22% and a return on equity of 34.45%. The firm had revenue of $700.95 million during the quarter.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket’s dividend payout ratio is currently 21.89%.

Insider Activity at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the sale, the chief accounting officer now owns 358 shares of the company’s stock, valued at approximately $229,989.94. The trade was a 46.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 19.10% 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.