Smithfield Trust Co. reduced its stake in NewMarket Corporation (NYSE:NEU) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,971 shares of the specialty chemicals company’s stock after selling 232 shares during the period. Smithfield Trust Co.’s holdings in NewMarket Corporation were worth $907,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NEU. US Bancorp DE increased 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 period. TrimTabs Asset Management LLC increased its position in NewMarket Corporation by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 273 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in NewMarket Corporation by 38.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 335 shares of the specialty chemicals company’s stock valued at $152,000 after buying an additional 93 shares during the period. CENTRAL TRUST Co increased 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 period. Finally, Advisors Preferred LLC bought a new position in NewMarket Corporation during the first quarter valued at approximately $210,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Corporation (NYSE:NEU) opened at 436.04 on Friday. NewMarket Corporation has a 12-month low of $386.90 and a 12-month high of $483.86. The stock has a 50 day moving average of $460.98 and a 200 day moving average of $452.62. The stock has a market cap of $5.17 billion, a P/E ratio of 21.19 and a beta of 0.74.

NewMarket Corporation (NYSE:NEU) last announced its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.73 by $0.44. NewMarket Corporation had a net margin of 11.57% and a return on equity of 46.94%. The business had revenue of $547.20 million for the quarter, compared to analysts’ expectations of $570.10 million. During the same quarter last year, the business earned $5.50 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that NewMarket Corporation will post $20.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $1.75 per share. The ex-dividend date is Thursday, September 14th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.61%. NewMarket Corporation’s dividend payout ratio (DPR) is 34.03%.

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Separately, BidaskClub downgraded shares of NewMarket Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.

In other news, insider Robert A. Shama sold 230 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $458.60, for a total transaction of $105,478.00. Following the transaction, the insider now owns 1,850 shares in the company, valued at approximately $848,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.83% of the company’s stock.

NewMarket Corporation Company Profile

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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Institutional Ownership by Quarter for NewMarket Corporation (NYSE:NEU)

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