Hsbc Holdings PLC Has $251,000 Stock Position in NewMarket Corporation $NEU

Hsbc Holdings PLC decreased its stake in NewMarket Corporation (NYSE:NEU) by 45.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 449 shares of the specialty chemicals company’s stock after selling 374 shares during the period. Hsbc Holdings PLC’s holdings in NewMarket were worth $251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of NewMarket in the first quarter worth $257,000. Private Trust Co. NA lifted its position in NewMarket by 185.2% in the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 50 shares during the period. Farther Finance Advisors LLC lifted its position in NewMarket by 34.1% in the first quarter. Farther Finance Advisors LLC now owns 444 shares of the specialty chemicals company’s stock worth $252,000 after purchasing an additional 113 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in NewMarket by 45.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 718 shares of the specialty chemicals company’s stock worth $407,000 after purchasing an additional 223 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in NewMarket by 15.1% in the first quarter. Allianz Asset Management GmbH now owns 3,993 shares of the specialty chemicals company’s stock worth $2,262,000 after purchasing an additional 523 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut NewMarket from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th.

NewMarket Stock Up 1.0%

Shares of NYSE NEU opened at $819.47 on Friday. The stock has a market cap of $7.70 billion, a PE ratio of 16.24 and a beta of 0.49. The business has a fifty day moving average of $747.50 and a two-hundred day moving average of $647.09. NewMarket Corporation has a 52-week low of $480.00 and a 52-week high of $835.10. 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 company had revenue of $698.51 million during the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.3%. NewMarket’s dividend payout ratio (DPR) is presently 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.