NewMarket (NYSE:NEU) Releases Earnings Results

NewMarket (NYSE:NEU) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $8.65 earnings per share (EPS) for the quarter, Zacks reports. NewMarket had a net margin of 16.33% and a return on equity of 28.53%. The company had revenue of $635.40 million for the quarter.

NewMarket Price Performance

Shares of NewMarket stock traded down $21.44 on Wednesday, hitting $697.81. 168,100 shares of the company were exchanged, compared to its average volume of 156,289. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $703.93 and a 200 day moving average price of $754.91. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 14.74 and a beta of 0.48. NewMarket has a 1-year low of $510.07 and a 1-year high of $875.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of NewMarket in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, NewMarket presently has a consensus rating of “Buy”.

Institutional Trading of NewMarket

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stirlingshire Investments Inc. acquired a new position in shares of NewMarket in the 4th quarter valued at $207,000. Meeder Advisory Services Inc. purchased a new stake in NewMarket in the 4th quarter valued at about $305,000. Janney Montgomery Scott LLC lifted its position in NewMarket by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 553 shares of the specialty chemicals company’s stock valued at $380,000 after buying an additional 22 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in NewMarket by 97.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 6,904 shares of the specialty chemicals company’s stock valued at $4,745,000 after buying an additional 3,415 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in NewMarket by 21.4% during the fourth quarter. Deutsche Bank AG now owns 948 shares of the specialty chemicals company’s stock worth $652,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

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.