NewMarket Corporation $NEU Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of NewMarket Corporation (NYSE:NEU) by 35.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,570 shares of the specialty chemicals company’s stock after selling 2,505 shares during the quarter. Russell Investments Group Ltd.’s holdings in NewMarket were worth $2,589,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of NewMarket by 557.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Private Trust Co. NA raised its position in shares of 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 period. Whipplewood Advisors LLC raised its position in shares of 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 period. UMB Bank n.a. raised its position in shares of 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 period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of NewMarket in the 4th quarter worth $59,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Trading Down 0.6%

Shares of NEU opened at $795.9560 on Monday. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $7.48 billion, a P/E ratio of 15.78 and a beta of 0.45. The stock’s fifty day simple moving average is $718.87 and its 200 day simple moving average is $630.80. NewMarket Corporation has a twelve month low of $480.00 and a twelve month high of $806.98.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share for the quarter. The business 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 Announces Dividend

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

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.