Separately, TheStreet lowered NewMarket from a “b” rating to a “c” rating in a research report on Thursday, February 3rd.
NYSE NEU traded up $1.58 on Wednesday, reaching $328.74. The company had a trading volume of 20,385 shares, compared to its average volume of 34,858. The firm has a market capitalization of $3.39 billion, a PE ratio of 18.70 and a beta of 0.35. NewMarket has a 1 year low of $296.05 and a 1 year high of $391.69. The firm has a 50-day moving average of $320.77 and a 200-day moving average of $335.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.91 and a quick ratio of 1.23.
Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC purchased a new position in NewMarket during the 4th quarter valued at about $29,000. SouthState Corp purchased a new position in NewMarket during the 3rd quarter valued at about $89,000. US Bancorp DE grew its stake in NewMarket by 196.2% during the 3rd quarter. US Bancorp DE now owns 308 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 204 shares in the last quarter. Covestor Ltd purchased a new position in NewMarket during the 4th quarter valued at about $115,000. Finally, Signaturefd LLC grew its stake in NewMarket by 84.1% during the 3rd quarter. Signaturefd LLC now owns 589 shares of the specialty chemicals company’s stock valued at $200,000 after acquiring an additional 269 shares in the last quarter. 68.64% of the stock is currently owned by hedge funds and other institutional investors.
NewMarket Company Profile (Get Rating)
NewMarket Corp. operates as a holding company. The firm’s segments include petroleum, lubricant, fuel, engine oil and driveline additives. It develops and manufactures lubricant and fuel additive packages, as well as markets and sells these products. The company is also involved in the sale of tetraethyl lead.
- Get a free copy of the StockNews.com research report on NewMarket (NEU)
- OrganiGram’s Turnaround Begins To Blossom
- Three Dividend Stocks With Growth Potential
- Exelon Stock Still Has Extraordinary Upside
- Ross Stores On The Verge Of Major Rally
- Insiders Are Selling Palo Alto Networks
Receive News & Ratings for NewMarket Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewMarket and related companies with MarketBeat.com's FREE daily email newsletter.