Semanteon Capital Management LP Has $1.15 Million Position in NewMarket Co. (NYSE:NEU)

Semanteon Capital Management LP reduced its holdings in NewMarket Co. (NYSE:NEU) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,088 shares of the specialty chemicals company’s stock after selling 268 shares during the quarter. Semanteon Capital Management LP’s holdings in NewMarket were worth $1,152,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can grew its position in NewMarket by 4.7% during the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock worth $399,000 after buying an additional 33 shares in the last quarter. Arizona State Retirement System lifted its stake in NewMarket by 1.8% during the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock worth $1,038,000 after purchasing an additional 36 shares during the period. EntryPoint Capital LLC lifted its stake in NewMarket by 29.6% during the first quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 40 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in NewMarket by 13.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock worth $210,000 after purchasing an additional 45 shares during the period. Finally, ORG Partners LLC bought a new position in NewMarket during the first quarter worth about $30,000. 61.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction on Friday, August 9th. The shares were sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the sale, the chief accounting officer now owns 358 shares of the company’s stock, valued at approximately $194,862.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

NewMarket Price Performance

Shares of NYSE:NEU traded up $5.29 during trading on Monday, reaching $543.93. The stock had a trading volume of 878 shares, compared to its average volume of 36,252. NewMarket Co. has a 52 week low of $469.68 and a 52 week high of $650.00. The business’s 50-day moving average price is $545.66 and its 200 day moving average price is $545.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. The stock has a market capitalization of $5.22 billion, a PE ratio of 12.96 and a beta of 0.49.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. The company had revenue of $724.95 million during the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%.

NewMarket Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s dividend payout ratio is currently 24.06%.

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.