HB Wealth Management LLC decreased its holdings in NewMarket Corporation (NYSE:NEU - Free Report) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,335 shares of the specialty chemicals company's stock after selling 4,199 shares during the quarter. HB Wealth Management LLC owned 0.32% of NewMarket worth $17,183,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in NEU. Raymond James Financial Inc. acquired a new position in shares of NewMarket in the 4th quarter valued at $1,613,000. American Century Companies Inc. raised its stake in shares of NewMarket by 147.2% in the 4th quarter. American Century Companies Inc. now owns 47,717 shares of the specialty chemicals company's stock valued at $25,211,000 after buying an additional 28,417 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of NewMarket during the fourth quarter valued at $1,698,000. LPL Financial LLC lifted its holdings in shares of NewMarket by 49.2% during the fourth quarter. LPL Financial LLC now owns 4,145 shares of the specialty chemicals company's stock valued at $2,190,000 after acquiring an additional 1,367 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of NewMarket by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 731,312 shares of the specialty chemicals company's stock valued at $386,389,000 after acquiring an additional 8,951 shares during the period. Institutional investors and hedge funds own 61.09% of the company's stock.
Insider Activity
In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the sale, the chief accounting officer owned 358 shares in the company, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 19.10% of the stock is owned by company insiders.
NewMarket Price Performance
Shares of NewMarket stock traded down $3.19 during mid-day trading on Wednesday, reaching $684.46. 51,496 shares of the stock were exchanged, compared to its average volume of 74,949. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 13.66 and a beta of 0.42. The company has a current ratio of 2.84, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $682.50 and a 200 day simple moving average of $599.06. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $743.52.
About NewMarket
(
Free Report)
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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