XTX Topco Ltd Has $773,000 Stock Position in NewMarket Corporation (NYSE:NEU)

XTX Topco Ltd reduced its position in NewMarket Corporation (NYSE:NEU) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,364 shares of the specialty chemicals company’s stock after selling 517 shares during the period. XTX Topco Ltd’s holdings in NewMarket were worth $773,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 39 shares during the last quarter. Bessemer Group Inc. lifted its stake 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 purchasing an additional 30 shares during the last quarter. Private Trust Co. NA lifted its stake in NewMarket by 185.2% in the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 50 shares during the last quarter. Whipplewood Advisors LLC lifted its stake 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 purchasing an additional 77 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake 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 purchasing an additional 29 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Up 1.8%

Shares of NYSE:NEU opened at $699.10 on Monday. NewMarket Corporation has a 52-week low of $480.00 and a 52-week high of $743.52. The company has a market capitalization of $6.57 billion, a P/E ratio of 13.86 and a beta of 0.45. The company has a 50-day simple moving average of $685.20 and a 200 day simple moving average of $603.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. The firm had revenue of $698.51 million during the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%.

Insider Transactions at NewMarket

In other NewMarket 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 transaction of $199,795.73. Following the completion of the sale, the chief accounting officer directly owned 358 shares in the company, valued at $229,989.94. This trade represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.10% of the stock is owned by company insiders.

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.