Wealth Enhancement Advisory Services LLC Has $407,000 Stock Position in NewMarket Corporation (NYSE:NEU)

Wealth Enhancement Advisory Services LLC raised its position in NewMarket Corporation (NYSE:NEU) by 45.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 718 shares of the specialty chemicals company’s stock after acquiring an additional 223 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NewMarket were worth $407,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NEU. Bessemer Group Inc. raised its holdings in NewMarket by 166.7% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in NewMarket by 557.1% in 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 in the last quarter. Whipplewood Advisors LLC raised its holdings in NewMarket by 7,700.0% in 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 in the last quarter. UMB Bank n.a. raised its holdings in NewMarket by 39.2% in 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 in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in NewMarket in the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

Insider Buying and Selling at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the sale, the chief accounting officer directly owned 358 shares in the company, valued at approximately $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 19.10% of the company’s stock.

NewMarket Trading Up 2.4%

NewMarket stock opened at $737.28 on Monday. The business has a 50 day moving average price of $650.90 and a two-hundred day moving average price of $574.34. The company has a quick ratio of 1.60, a current ratio of 2.84 and a debt-to-equity ratio of 0.65. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 14.68 and a beta of 0.42. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $737.28.

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

NewMarket Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th were paid a $2.75 dividend. The ex-dividend date was Monday, June 16th. This represents a $11.00 annualized dividend and a dividend yield of 1.49%. NewMarket’s dividend payout ratio is currently 21.89%.

NewMarket Company 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.