Creative Planning Sells 34 Shares of NewMarket Co. (NYSE:NEU)

Creative Planning lowered its stake in shares of NewMarket Co. (NYSE:NEU) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,071 shares of the specialty chemicals company’s stock after selling 34 shares during the period. Creative Planning’s holdings in NewMarket were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NEU. Pacer Advisors Inc. grew its holdings in NewMarket by 64.7% during the second quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company’s stock valued at $102,211,000 after purchasing an additional 77,908 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of NewMarket by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock valued at $82,214,000 after buying an additional 12,110 shares during the period. HB Wealth Management LLC grew its holdings in shares of NewMarket by 27.4% in the 2nd quarter. HB Wealth Management LLC now owns 39,504 shares of the specialty chemicals company’s stock valued at $20,367,000 after buying an additional 8,496 shares during the period. Lazard Asset Management LLC increased its position in shares of NewMarket by 102.6% in the 1st quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock valued at $23,079,000 after buying an additional 18,413 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in NewMarket by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,849 shares of the specialty chemicals company’s stock worth $17,967,000 after buying an additional 3,799 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised NewMarket from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

NewMarket Stock Performance

Shares of NEU opened at $524.87 on Tuesday. The firm has a market cap of $5.04 billion, a P/E ratio of 11.66 and a beta of 0.50. NewMarket Co. has a twelve month low of $483.68 and a twelve month high of $650.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. The firm’s 50 day moving average price is $542.63 and its two-hundred day moving average price is $542.16.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%. The company had revenue of $724.95 million for the quarter.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.91%. NewMarket’s dividend payout ratio is currently 22.21%.

Insider Transactions at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $544.31, for a total value of $691,273.70. Following the completion of the transaction, the chief accounting officer now owns 358 shares of the company’s stock, valued at approximately $194,862.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.40% of the stock is currently owned by insiders.

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.