New York State Common Retirement Fund grew its stake in shares of NewMarket Co. (NYSE:NEU – Get Rating) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,951 shares of the specialty chemicals company’s stock after acquiring an additional 94 shares during the period. New York State Common Retirement Fund owned about 0.49% of NewMarket worth $16,203,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC increased its stake in shares of NewMarket by 5.0% during the 4th quarter. ProShare Advisors LLC now owns 1,088 shares of the specialty chemicals company’s stock worth $374,000 after purchasing an additional 52 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of NewMarket by 0.9% during the first quarter. Mutual of America Capital Management LLC now owns 6,237 shares of the specialty chemicals company’s stock valued at $2,023,000 after acquiring an additional 56 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in NewMarket during the 1st quarter worth about $27,000. CWM LLC acquired a new position in NewMarket in the 4th quarter valued at about $29,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of NewMarket by 6.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,971 shares of the specialty chemicals company’s stock worth $639,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 54.72% of the company’s stock.
NewMarket Stock Performance
NewMarket stock opened at $300.30 on Friday. The stock has a fifty day moving average price of $306.13 and a 200 day moving average price of $319.66. The company has a current ratio of 2.60, a quick ratio of 1.43 and a debt-to-equity ratio of 1.26. NewMarket Co. has a 52 week low of $285.60 and a 52 week high of $378.63. The firm has a market capitalization of $3.08 billion, a P/E ratio of 16.02 and a beta of 0.36.
Analyst Upgrades and Downgrades
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.
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