Oppenheimer Asset Management Inc. decreased its stake in shares of NewMarket Co. (NYSE:NEU – Free Report) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 978 shares of the specialty chemicals company’s stock after selling 217 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NewMarket were worth $445,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. New York State Common Retirement Fund increased its stake in NewMarket by 5.0% during the 3rd quarter. New York State Common Retirement Fund now owns 37,378 shares of the specialty chemicals company’s stock valued at $17,008,000 after buying an additional 1,791 shares during the period. Jump Financial LLC grew its stake in shares of NewMarket by 64.0% in the 3rd quarter. Jump Financial LLC now owns 4,114 shares of the specialty chemicals company’s stock worth $1,872,000 after purchasing an additional 1,605 shares during the last quarter. Donoghue Forlines LLC acquired a new position in shares of NewMarket in the 3rd quarter worth approximately $1,573,000. LSV Asset Management grew its stake in shares of NewMarket by 62.7% in the 3rd quarter. LSV Asset Management now owns 229,568 shares of the specialty chemicals company’s stock worth $104,463,000 after purchasing an additional 88,476 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of NewMarket by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 25,419 shares of the specialty chemicals company’s stock worth $11,567,000 after purchasing an additional 506 shares during the last quarter. Institutional investors and hedge funds own 60.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.
NewMarket Stock Performance
Shares of NEU opened at $592.85 on Friday. NewMarket Co. has a 12-month low of $334.36 and a 12-month high of $599.61. The firm’s 50 day moving average is $563.92 and its 200-day moving average is $502.88. The stock has a market capitalization of $5.69 billion, a P/E ratio of 14.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.85 and a quick ratio of 1.60.
NewMarket Company Profile
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. 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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