New York State Common Retirement Fund Sells 38 Shares of NewMarket Co. (NYSE:NEU)

New York State Common Retirement Fund reduced its position in shares of NewMarket Co. (NYSE:NEU) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,601 shares of the specialty chemicals company’s stock after selling 38 shares during the quarter. New York State Common Retirement Fund owned 0.58% of NewMarket worth $31,430,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of NewMarket by 13.0% during the 4th quarter. Parallel Advisors LLC now owns 217 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 25 shares during the period. Texas Permanent School Fund grew its stake in shares of NewMarket by 0.5% during the 4th quarter. Texas Permanent School Fund now owns 5,051 shares of the specialty chemicals company’s stock valued at $2,457,000 after purchasing an additional 25 shares during the period. Convergence Investment Partners LLC grew its stake in shares of NewMarket by 2.0% during the 4th quarter. Convergence Investment Partners LLC now owns 1,803 shares of the specialty chemicals company’s stock valued at $877,000 after purchasing an additional 35 shares during the period. 6 Meridian grew its stake in shares of NewMarket by 3.1% during the 4th quarter. 6 Meridian now owns 1,252 shares of the specialty chemicals company’s stock valued at $609,000 after purchasing an additional 38 shares during the period. Finally, Creative Planning grew its stake in shares of NewMarket by 5.4% during the 3rd quarter. Creative Planning now owns 835 shares of the specialty chemicals company’s stock valued at $394,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 54.24% of the company’s stock.

A number of equities research analysts have issued reports on the company. ValuEngine downgraded NewMarket from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Zacks Investment Research downgraded NewMarket from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd.

Shares of NYSE:NEU opened at $421.94 on Friday. The stock has a 50 day moving average of $455.81 and a 200 day moving average of $468.64. The company has a market cap of $4.68 billion, a PE ratio of 18.41 and a beta of 0.53. The company has a current ratio of 2.85, a quick ratio of 1.66 and a debt-to-equity ratio of 1.01. NewMarket Co. has a 12-month low of $382.88 and a 12-month high of $505.16.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $4.48 earnings per share (EPS) for the quarter. The company had revenue of $534.45 million during the quarter. NewMarket had a return on equity of 41.69% and a net margin of 11.61%.

About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

Further Reading: What is a dividend reinvestment plan?

Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

Receive News & Ratings for NewMarket Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewMarket and related companies with MarketBeat.com's FREE daily email newsletter.