Envestnet Portfolio Solutions Inc. Has $361,000 Stake in NewMarket Corporation (NYSE:NEU)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of NewMarket Corporation (NYSE:NEU) by 38.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 638 shares of the specialty chemicals company’s stock after selling 404 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NewMarket were worth $361,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in NewMarket by 34.1% during the first quarter. Farther Finance Advisors LLC now owns 444 shares of the specialty chemicals company’s stock worth $252,000 after buying an additional 113 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NewMarket by 20.6% in the fourth quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company’s stock worth $48,542,000 after acquiring an additional 15,694 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NewMarket by 33.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 495 shares of the specialty chemicals company’s stock worth $262,000 after acquiring an additional 123 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of NewMarket by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 851 shares of the specialty chemicals company’s stock worth $426,000 after acquiring an additional 41 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of NewMarket by 147.2% in the fourth quarter. American Century Companies Inc. now owns 47,717 shares of the specialty chemicals company’s stock worth $25,211,000 after acquiring an additional 28,417 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 358 shares in the company, valued at $229,989.94. This trade represents a 46.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 19.10% of the company’s stock.

NewMarket Stock Up 0.8%

NEU stock opened at $686.49 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 13.66 and a beta of 0.41. 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 $690.73. The firm has a 50-day moving average price of $637.38 and a 200-day moving average price of $568.09.

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

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a $2.75 dividend. The ex-dividend date is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.60%. NewMarket’s dividend payout ratio (DPR) is currently 21.89%.

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.