SG Americas Securities LLC boosted its stake in shares of NewMarket Corporation (NYSE:NEU) by 312.2% during the first quarter, Holdings Channel reports. The fund owned 1,933 shares of the specialty chemicals company’s stock after buying an additional 1,464 shares during the period. SG Americas Securities LLC’s holdings in NewMarket Corporation were worth $876,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Horizon Kinetics LLC boosted its position in NewMarket Corporation by 0.5% in the fourth quarter. Horizon Kinetics LLC now owns 990 shares of the specialty chemicals company’s stock valued at $420,000 after buying an additional 5 shares during the last quarter. US Bancorp DE boosted its position in NewMarket Corporation by 2.5% in the first quarter. US Bancorp DE now owns 245 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 6 shares during the last quarter. CENTRAL TRUST Co boosted its position in NewMarket Corporation by 3.0% in the first quarter. CENTRAL TRUST Co now owns 414 shares of the specialty chemicals company’s stock valued at $188,000 after buying an additional 12 shares during the last quarter. Freestone Capital Holdings LLC boosted its position in NewMarket Corporation by 0.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,805 shares of the specialty chemicals company’s stock valued at $1,613,000 after buying an additional 29 shares during the last quarter. Finally, BB&T Corp boosted its position in NewMarket Corporation by 9.0% in the first quarter. BB&T Corp now owns 567 shares of the specialty chemicals company’s stock valued at $257,000 after buying an additional 47 shares during the last quarter. 56.62% of the stock is currently owned by hedge funds and other institutional investors.
NewMarket Corporation (NYSE NEU) opened at 466.51 on Friday. The stock’s 50 day moving average price is $465.67 and its 200 day moving average price is $444.70. NewMarket Corporation has a 12-month low of $385.66 and a 12-month high of $483.86. The company has a market capitalization of $5.53 billion, a PE ratio of 22.52 and a beta of 0.75.
NewMarket Corporation (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $5.39 earnings per share for the quarter, beating analysts’ consensus estimates of $4.04 by $1.35. The firm had revenue of $542.80 million for the quarter, compared to analyst estimates of $509 million. NewMarket Corporation had a net margin of 11.79% and a return on equity of 51.17%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.42 earnings per share. On average, equities analysts anticipate that NewMarket Corporation will post $20.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Tuesday, June 13th. NewMarket Corporation’s dividend payout ratio (DPR) is presently 33.80%.
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In other news, insider Robert A. Shama sold 230 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $458.60, for a total transaction of $105,478.00. Following the sale, the insider now directly owns 1,850 shares of the company’s stock, valued at $848,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.83% of the stock is owned by insiders.
About NewMarket Corporation
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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