NewMarket (NYSE:NEU) Director Ting Xu Acquires 400 Shares

NewMarket Corporation (NYSE:NEU) Director Ting Xu purchased 400 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average cost of $619.21 per share, for a total transaction of $247,684.00. Following the completion of the purchase, the director owned 929 shares of the company’s stock, valued at approximately $575,246.09. This trade represents a 75.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NewMarket Stock Up 0.5%

Shares of NEU stock traded up $3.13 on Thursday, reaching $619.73. 48,815 shares of the company were exchanged, compared to its average volume of 153,596. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.53 and a quick ratio of 1.33. NewMarket Corporation has a one year low of $510.07 and a one year high of $875.97. The company has a 50-day moving average of $673.49 and a 200-day moving average of $747.50. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 13.99 and a beta of 0.48.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The business had revenue of $635.40 million for the quarter. NewMarket had a net margin of 15.37% and a return on equity of 25.38%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NEU. Norges Bank bought a new position in shares of NewMarket during the fourth quarter valued at approximately $64,654,000. AQR Capital Management LLC raised its holdings in shares of NewMarket by 196.7% during the third quarter. AQR Capital Management LLC now owns 137,943 shares of the specialty chemicals company’s stock valued at $114,246,000 after purchasing an additional 91,458 shares during the last quarter. Caisse de depot et placement du Quebec grew its holdings in shares of NewMarket by 376.4% in the third quarter. Caisse de depot et placement du Quebec now owns 99,256 shares of the specialty chemicals company’s stock worth $82,205,000 after acquiring an additional 78,422 shares during the period. Corient Private Wealth LLC lifted its stake in shares of NewMarket by 7,743.0% in the 4th quarter. Corient Private Wealth LLC now owns 75,763 shares of the specialty chemicals company’s stock worth $52,069,000 after purchasing an additional 74,797 shares during the period. Finally, LSV Asset Management increased its stake in shares of NewMarket by 27.8% in the 2nd quarter. LSV Asset Management now owns 262,148 shares of the specialty chemicals company’s stock worth $181,108,000 after purchasing an additional 57,101 shares in the last quarter. 61.09% of the stock is owned by hedge funds and other institutional investors.

NewMarket Company Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.