Inceptionr LLC Purchases Shares of 764 NewMarket Corporation $NEU

Inceptionr LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 764 shares of the specialty chemicals company’s stock, valued at approximately $490,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in shares of NewMarket in the fourth quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in shares of NewMarket during the fourth quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 39 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in NewMarket by 50.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 25 shares in the last quarter. Finally, Quarry LP acquired a new position in NewMarket during the 3rd quarter valued at about $52,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 1.3%

Shares of NEU stock opened at $779.99 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.55 and a debt-to-equity ratio of 0.54. The firm has a market cap of $7.18 billion, a P/E ratio of 17.82 and a beta of 0.56. The company has a 50 day moving average of $777.63 and a 200-day moving average of $696.02. NewMarket Corporation has a 12-month low of $580.03 and a 12-month high of $875.97.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. The business had revenue of $669.72 million for the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.