Envestnet Asset Management Inc. Buys 1,584 Shares of NewMarket Corporation (NYSE:NEU)

Envestnet Asset Management Inc. boosted its holdings in shares of NewMarket Corporation (NYSE:NEU) by 4.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 38,585 shares of the specialty chemicals company’s stock after acquiring an additional 1,584 shares during the period. Envestnet Asset Management Inc. owned 0.41% of NewMarket worth $21,857,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of NewMarket by 54,160.0% during the 1st quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company’s stock worth $58,398,000 after buying an additional 102,904 shares during the last quarter. Norges Bank acquired a new stake in NewMarket in the 4th quarter valued at about $41,268,000. American Century Companies Inc. lifted its position in NewMarket by 147.2% during 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. Northern Trust Corp lifted its position in NewMarket by 23.8% during the fourth quarter. Northern Trust Corp now owns 80,156 shares of the specialty chemicals company’s stock worth $42,350,000 after acquiring an additional 15,424 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of NewMarket by 8.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company’s stock worth $105,300,000 after purchasing an additional 15,155 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Price Performance

NEU stock opened at $723.28 on Wednesday. The company’s fifty day simple moving average is $666.78 and its 200 day simple moving average is $584.26. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $743.52. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 14.40 and a beta of 0.42. The company has a quick ratio of 1.60, a current ratio of 2.84 and a debt-to-equity ratio of 0.65.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Monday, June 16th. NewMarket’s dividend payout ratio (DPR) is presently 21.89%.

Insider Activity

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the 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 directly owned 358 shares of the company’s stock, valued at $229,989.94. This represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 19.10% of the company’s stock.

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.