Principal Financial Group Inc. Sells 52 Shares of NewMarket Corporation (NYSE:NEU)

Principal Financial Group Inc. decreased its position in NewMarket Corporation (NYSE:NEU) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,496 shares of the specialty chemicals company’s stock after selling 52 shares during the quarter. Principal Financial Group Inc. owned 0.18% of NewMarket worth $9,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NEU. Bessemer Group Inc. lifted its position in NewMarket by 166.7% in the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC lifted its position in NewMarket by 7,700.0% in the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA lifted its position in NewMarket by 185.2% in the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 50 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in NewMarket by 39.2% in the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 29 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NewMarket stock opened at $731.18 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.84 and a quick ratio of 1.60. The business’s 50 day simple moving average is $662.79 and its two-hundred day simple moving average is $581.89. The stock has a market capitalization of $6.90 billion, a P/E ratio of 14.55 and a beta of 0.42. NewMarket Corporation has a one year low of $480.00 and a one year high of $743.52.

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

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.50%. NewMarket’s dividend payout ratio (DPR) is currently 21.89%.

Insider Buying and Selling

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket 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 transaction, the chief accounting officer directly owned 358 shares of the company’s stock, valued at $229,989.94. The trade was a 46.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is owned by company insiders.

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.