XTX Topco Ltd Has $474,000 Holdings in NewMarket Co. (NYSE:NEU)

XTX Topco Ltd lifted its holdings in NewMarket Co. (NYSE:NEU) by 34.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 920 shares of the specialty chemicals company’s stock after purchasing an additional 236 shares during the quarter. XTX Topco Ltd’s holdings in NewMarket were worth $474,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in NewMarket by 86.1% during the 4th quarter. BNP Paribas Financial Markets now owns 908 shares of the specialty chemicals company’s stock worth $496,000 after buying an additional 420 shares in the last quarter. Norges Bank bought a new stake in NewMarket during the fourth quarter worth about $37,659,000. Franklin Resources Inc. boosted its position in NewMarket by 10.9% during the fourth quarter. Franklin Resources Inc. now owns 3,068 shares of the specialty chemicals company’s stock valued at $1,675,000 after purchasing an additional 301 shares during the last quarter. Parallel Advisors LLC grew its stake in NewMarket by 9.4% in the fourth quarter. Parallel Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $337,000 after purchasing an additional 53 shares in the last quarter. Finally, J. W. Coons Advisors LLC acquired a new position in shares of NewMarket during the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Trading Up 0.5 %

Shares of NYSE:NEU opened at $556.03 on Wednesday. NewMarket Co. has a 52-week low of $436.90 and a 52-week high of $650.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.48 and a current ratio of 2.66. The company has a market capitalization of $5.33 billion, a P/E ratio of 13.38 and a beta of 0.50. The company has a 50-day simple moving average of $553.27 and a 200 day simple moving average of $559.01.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share (EPS) for the quarter. The company had revenue of $710.23 million during the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, September 16th. NewMarket’s dividend payout ratio is presently 24.06%.

Insider Activity

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $544.31, for a total value of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at approximately $194,862.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 20.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.