NewMarket CEO Unloads $4,068,300 in Stock (NEU)
NewMarket (NYSE:NEU) CEO Thomas E. Gottwald unloaded 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $406.83, for a total transaction of $4,068,300.00. Following the completion of the sale, the chief executive officer now directly owns 328,179 shares of the company’s stock, valued at approximately $133,513,063. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NewMarket (NYSE:NEU) traded down 0.26% on Thursday, hitting $405.36. 22,545 shares of the company’s stock traded hands. NewMarket has a 1-year low of $272.25 and a 1-year high of $411.24. The stock’s 50-day moving average is $394.4 and its 200-day moving average is $385.. The company has a market cap of $5.125 billion and a P/E ratio of 20.64.
NewMarket (NYSE:NEU) last released its earnings data on Tuesday, July 29th. The company reported $5.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.02 by $0.22. The company had revenue of $620.44 million for the quarter, compared to the consensus estimate of $613.17 million. During the same quarter in the prior year, the company posted $4.61 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that NewMarket will post $18.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 11th.
NewMarket Corporation (NYSE:NEU) is a holding company, which is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development).
Receive News & Ratings for NewMarket Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewMarket Co and related companies with Analyst Ratings Network's FREE daily email newsletter.