LPL Financial LLC Has $2.23 Million Stock Position in NewMarket Corporation $NEU

LPL Financial LLC lowered its stake in NewMarket Corporation (NYSE:NEU) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,929 shares of the specialty chemicals company’s stock after selling 216 shares during the quarter. LPL Financial LLC’s holdings in NewMarket were worth $2,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. increased its position in shares of NewMarket by 6.2% in the first quarter. Assetmark Inc. now owns 3,311 shares of the specialty chemicals company’s stock valued at $1,876,000 after acquiring an additional 193 shares during the last quarter. Royce & Associates LP increased its position in shares of NewMarket by 64.6% in the first quarter. Royce & Associates LP now owns 13,165 shares of the specialty chemicals company’s stock valued at $7,457,000 after acquiring an additional 5,165 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of NewMarket in the first quarter valued at about $204,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NewMarket in the first quarter valued at about $1,071,000. Finally, Allianz Asset Management GmbH increased its position in shares of NewMarket by 15.1% in the first quarter. Allianz Asset Management GmbH now owns 3,993 shares of the specialty chemicals company’s stock valued at $2,262,000 after acquiring an additional 523 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NYSE NEU opened at $777.5410 on Wednesday. The business’s 50 day moving average price is $710.50 and its two-hundred day moving average price is $623.84. The company has a market cap of $7.31 billion, a PE ratio of 15.41 and a beta of 0.45. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 0.52. NewMarket Corporation has a twelve month low of $480.00 and a twelve month high of $781.69.

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

NewMarket Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $2.75 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $11.00 annualized dividend and a dividend yield of 1.4%. NewMarket’s dividend payout ratio is presently 21.80%.

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.