Insider Buying: NewMarket (NYSE:NEU) Director Buys 400 Shares of Stock

NewMarket Corporation (NYSE:NEU) Director Ting Xu bought 400 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $619.21 per share, with a total value of $247,684.00. Following the completion of the transaction, the director directly owned 929 shares of the company’s stock, valued at approximately $575,246.09. The trade was a 75.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NewMarket Trading Down 0.7%

Shares of NYSE:NEU traded down $4.28 during midday trading on Wednesday, hitting $615.51. 187,381 shares of the stock were exchanged, compared to its average volume of 156,551. The business’s 50-day moving average price is $675.59 and its 200 day moving average price is $748.43. NewMarket Corporation has a 12 month low of $510.07 and a 12 month high of $875.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 13.86 and a beta of 0.48.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 EPS for the quarter. NewMarket had a net margin of 15.37% and a return on equity of 25.38%. The business had revenue of $635.40 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of NewMarket by 7.3% during the 3rd quarter. GAMMA Investing LLC now owns 220 shares of the specialty chemicals company’s stock valued at $182,000 after purchasing an additional 15 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in NewMarket by 5.8% in the third quarter. OneDigital Investment Advisors LLC now owns 329 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 18 shares during the period. Great Lakes Advisors LLC boosted its holdings in shares of NewMarket by 5.5% during the 4th quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock worth $252,000 after buying an additional 19 shares in the last quarter. MGO One Seven LLC grew its position in shares of NewMarket by 6.5% during the 3rd quarter. MGO One Seven LLC now owns 328 shares of the specialty chemicals company’s stock worth $272,000 after buying an additional 20 shares during the period. Finally, Abel Hall LLC increased its stake in shares of NewMarket by 6.3% in the 4th quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company’s stock valued at $230,000 after acquiring an additional 20 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.