Farther Finance Advisors LLC Sells 39 Shares of NewMarket Corporation $NEU

Farther Finance Advisors LLC cut its holdings in NewMarket Corporation (NYSE:NEU) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 405 shares of the specialty chemicals company’s stock after selling 39 shares during the period. Farther Finance Advisors LLC’s holdings in NewMarket were worth $280,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NEU. Wealth Enhancement Advisory Services LLC boosted its holdings in NewMarket by 33.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 495 shares of the specialty chemicals company’s stock valued at $262,000 after purchasing an additional 123 shares during the period. California State Teachers Retirement System lifted its stake in NewMarket by 11.1% in the fourth quarter. California State Teachers Retirement System now owns 7,524 shares of the specialty chemicals company’s stock worth $3,975,000 after purchasing an additional 749 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in NewMarket by 557.1% in 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. GAMMA Investing LLC lifted its stake in NewMarket by 54,160.0% in the first quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company’s stock worth $58,398,000 after purchasing an additional 102,904 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in NewMarket by 12.7% in the first quarter. Rhumbline Advisers now owns 27,236 shares of the specialty chemicals company’s stock worth $15,428,000 after purchasing an additional 3,075 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of NewMarket from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th.

NewMarket Price Performance

Shares of NEU opened at $830.21 on Wednesday. The stock has a market cap of $7.80 billion, a PE ratio of 16.46 and a beta of 0.49. 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 Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $854.75. The firm’s 50-day simple moving average is $783.73 and its two-hundred day simple moving average is $682.23.

NewMarket (NYSE:NEU) last announced its quarterly earnings data 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 net margin of 17.28% and a return on equity of 32.25%.

NewMarket Dividend Announcement

The firm 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 $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, September 15th. NewMarket’s dividend payout ratio is 21.80%.

NewMarket Company 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.