NewMarket Corporation (NYSE:NEU) Short Interest Up 34.2% in January

NewMarket Corporation (NYSE:NEU) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 307,236 shares, an increase of 34.2% from the December 31st total of 228,879 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily volume of 160,614 shares, the short-interest ratio is presently 1.9 days. Based on an average daily volume of 160,614 shares, the short-interest ratio is presently 1.9 days. Approximately 4.0% of the shares of the stock are short sold.

NewMarket Price Performance

NYSE NEU traded up $5.70 during trading hours on Friday, reaching $670.17. 174,651 shares of the company’s stock were exchanged, compared to its average volume of 141,750. NewMarket has a one year low of $480.57 and a one year high of $875.97. The stock has a market cap of $6.30 billion, a PE ratio of 14.16 and a beta of 0.49. The company has a current ratio of 2.68, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $711.20 and a 200-day moving average of $755.52.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share (EPS) for the quarter. The business had revenue of $690.31 million for the quarter. NewMarket had a net margin of 16.33% and a return on equity of 28.53%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NEU. State of New Jersey Common Pension Fund D boosted its position in NewMarket by 8.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 2,871 shares of the specialty chemicals company’s stock valued at $1,973,000 after buying an additional 214 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in NewMarket in the fourth quarter valued at approximately $96,000. M&T Bank Corp boosted its stake in NewMarket by 9.0% in the fourth quarter. M&T Bank Corp now owns 5,187 shares of the specialty chemicals company’s stock valued at $3,564,000 after acquiring an additional 427 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in NewMarket by 6.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,160 shares of the specialty chemicals company’s stock worth $797,000 after acquiring an additional 70 shares during the period. Finally, Inscription Capital LLC raised its position in shares of NewMarket by 10.7% during the 4th quarter. Inscription Capital LLC now owns 706 shares of the specialty chemicals company’s stock valued at $485,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of NewMarket in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About NewMarket

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.