Key Points
- Director Ting Xu purchased 400 shares of NewMarket (NYSE:NEU) on Feb. 24 at an average price of $619.21 for a total of $247,684, increasing their ownership to 929 shares (a 75.61% rise).
- NewMarket reported quarterly EPS of $8.65 on revenue of $635.4M, and the stock trades around $619.73 with a market cap of $5.83B and a P/E of 13.99.
NewMarket Corporation (NYSE:NEU - Get Free Report) Director Ting Xu purchased 400 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was bought at an average price of $619.21 per share, for a total transaction of $247,684.00. Following the purchase, the director owned 929 shares in the company, valued at approximately $575,246.09. This represents a 75.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NewMarket Price Performance
Shares of NYSE:NEU traded up $3.13 during mid-day trading on Thursday, reaching $619.73. The stock had a trading volume of 48,815 shares, compared to its average volume of 153,596. The business's 50 day moving average price is $673.49 and its 200 day moving average price is $747.50. NewMarket Corporation has a 1 year low of $510.07 and a 1 year high of $875.97. The company has a market cap of $5.83 billion, a P/E ratio of 13.99 and a beta of 0.48. The company has a current ratio of 2.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.
NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. NewMarket had a net margin of 15.37% and a return on equity of 25.38%. The firm had revenue of $635.40 million during the quarter.
Institutional Investors Weigh In On NewMarket
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEU. Vanguard Group Inc. grew its holdings in shares of NewMarket by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 828,798 shares of the specialty chemicals company's stock valued at $569,600,000 after buying an additional 15,813 shares during the last quarter. LSV Asset Management increased its stake in shares of NewMarket by 2.4% in the 3rd quarter. LSV Asset Management now owns 268,432 shares of the specialty chemicals company's stock valued at $222,318,000 after purchasing an additional 6,284 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NewMarket by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 182,335 shares of the specialty chemicals company's stock valued at $125,321,000 after acquiring an additional 2,633 shares during the period. Geode Capital Management LLC increased its stake in shares of NewMarket by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 175,649 shares of the specialty chemicals company's stock worth $120,737,000 after purchasing an additional 8,978 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of NewMarket by 196.7% in the third quarter. AQR Capital Management LLC now owns 137,943 shares of the specialty chemicals company's stock worth $114,246,000 after acquiring an additional 91,458 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of NewMarket from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".
Read Our Latest Stock Report on NEU
NewMarket Company Profile
(
Get Free Report)
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.
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