Vestcor Inc Sells 1,719 Shares of NewMarket Corporation (NYSE:NEU)

Vestcor Inc reduced its position in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,522 shares of the specialty chemicals company's stock after selling 1,719 shares during the period. Vestcor Inc owned 0.14% of NewMarket worth $7,660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in NewMarket by 557.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Bessemer Group Inc. lifted its holdings in NewMarket by 166.7% in the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. Private Trust Co. NA lifted its position in shares of NewMarket by 185.2% during the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 50 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in shares of NewMarket by 7,700.0% during the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 77 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of NewMarket by 39.2% in the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 29 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Up 1.8%

NYSE NEU traded up $12.10 during trading on Friday, hitting $699.10. 69,833 shares of the company traded hands, compared to its average volume of 75,525. The business has a fifty day simple moving average of $684.01 and a 200 day simple moving average of $600.97. The company has a current ratio of 2.84, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $743.52. The company has a market capitalization of $6.59 billion, a P/E ratio of 13.86 and a beta of 0.42.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share for the quarter. NewMarket had a return on equity of 33.16% and a net margin of 17.28%. The company had revenue of $698.51 million for the quarter.

Insider Transactions at NewMarket

In other 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 transaction, the chief accounting officer owned 358 shares of the company's stock, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 19.10% of the stock is currently owned by company insiders.

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.