Shares of NewMarket Co. (NYSE:NEU) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned NewMarket an industry rank of 192 out of 265 based on the ratings given to related companies.
NewMarket (NYSE NEU) traded up $8.73 during trading on Friday, reaching $389.74. The company’s stock had a trading volume of 10,044 shares, compared to its average volume of 32,347. The company has a quick ratio of 1.50, a current ratio of 2.74 and a debt-to-equity ratio of 0.97. NewMarket has a twelve month low of $373.59 and a twelve month high of $483.86. The company has a market capitalization of $4,568.78, a P/E ratio of 19.69 and a beta of 0.81.
Several hedge funds have recently bought and sold shares of NEU. Alliancebernstein L.P. raised its stake in shares of NewMarket by 1.8% in the second quarter. Alliancebernstein L.P. now owns 5,514 shares of the specialty chemicals company’s stock worth $2,539,000 after purchasing an additional 100 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in NewMarket by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 25,205 shares of the specialty chemicals company’s stock valued at $11,606,000 after acquiring an additional 319 shares during the last quarter. Thrivent Financial For Lutherans increased its position in NewMarket by 6.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the specialty chemicals company’s stock valued at $856,000 after acquiring an additional 110 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in NewMarket by 15.2% during the second quarter. UBS Asset Management Americas Inc. now owns 6,814 shares of the specialty chemicals company’s stock valued at $3,138,000 after acquiring an additional 901 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in NewMarket by 0.6% during the second quarter. Vanguard Group Inc. now owns 862,415 shares of the specialty chemicals company’s stock valued at $397,125,000 after acquiring an additional 5,029 shares during the last quarter. Hedge funds and other institutional investors own 58.64% of the company’s stock.
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NewMarket Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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