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

NewMarket Corporation (NYSE:NEU) Director Ting Xu acquired 400 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average price of $619.21 per share, with a total value of $247,684.00. Following the acquisition, the director owned 929 shares of the company’s stock, valued at approximately $575,246.09. This represents a 75.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NewMarket Stock Down 0.7%

NEU stock traded down $4.28 during midday trading on Wednesday, reaching $615.51. 187,381 shares of the company’s stock traded hands, compared to its average volume of 156,551. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 13.86 and a beta of 0.48. The firm’s fifty day moving average price is $675.59 and its 200-day moving average price is $748.43. The company has a quick ratio of 1.33, a current ratio of 2.53 and a debt-to-equity ratio of 0.50. NewMarket Corporation has a 52 week low of $510.07 and a 52 week high of $875.97.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The firm 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%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On NewMarket

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in NewMarket by 3.1% during the third quarter. Envestnet Asset Management Inc. now owns 39,452 shares of the specialty chemicals company’s stock valued at $32,675,000 after buying an additional 1,192 shares during the period. Monument Capital Management purchased a new position in NewMarket in the third quarter valued at about $2,548,000. Nisa Investment Advisors LLC boosted its stake in NewMarket by 151.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,118 shares of the specialty chemicals company’s stock valued at $3,416,000 after acquiring an additional 2,479 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of NewMarket by 221.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,662 shares of the specialty chemicals company’s stock valued at $2,205,000 after acquiring an additional 1,834 shares during the period. Finally, HB Wealth Management LLC increased its stake in shares of NewMarket by 643.3% during the 3rd quarter. HB Wealth Management LLC now owns 29,948 shares of the specialty chemicals company’s stock worth $24,803,000 after purchasing an additional 25,919 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

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.