Natixis Advisors LLC Purchases 2,239 Shares of NewMarket Corporation (NYSE:NEU)

Natixis Advisors LLC boosted its position in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 11.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,675 shares of the specialty chemicals company's stock after acquiring an additional 2,239 shares during the quarter. Natixis Advisors LLC owned 0.23% of NewMarket worth $12,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NEU. LPL Financial LLC lifted its position in shares of NewMarket by 49.2% in the 4th quarter. LPL Financial LLC now owns 4,145 shares of the specialty chemicals company's stock worth $2,190,000 after purchasing an additional 1,367 shares during the period. JPMorgan Chase & Co. raised its stake in NewMarket by 9.5% in the 4th quarter. JPMorgan Chase & Co. now owns 55,382 shares of the specialty chemicals company's stock valued at $29,261,000 after purchasing an additional 4,797 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of NewMarket by 26.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,150 shares of the specialty chemicals company's stock worth $608,000 after purchasing an additional 240 shares during the period. Franklin Resources Inc. lifted its stake in NewMarket by 115.3% during the fourth quarter. Franklin Resources Inc. now owns 10,416 shares of the specialty chemicals company's stock worth $5,503,000 after purchasing an additional 5,577 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in NewMarket by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 124,387 shares of the specialty chemicals company's stock valued at $65,741,000 after acquiring an additional 1,733 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

NewMarket Stock Down 0.4%

NYSE NEU traded down $2.94 during trading on Thursday, reaching $719.07. 25,130 shares of the company's stock were exchanged, compared to its average volume of 74,698. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66. The stock has a market cap of $6.76 billion, a P/E ratio of 14.24 and a beta of 0.45. The company has a 50 day moving average price of $689.56 and a two-hundred day moving average price of $606.77. NewMarket Corporation has a 1 year low of $480.00 and a 1 year high of $743.52.

NewMarket (NYSE:NEU - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%. The firm had revenue of $698.51 million for the quarter.

Insider Buying and Selling at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 19.10% of the company's stock.

About NewMarket

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.