Walleye Capital LLC Lowers Stock Holdings in NewMarket Corporation $NEU

Walleye Capital LLC lowered its position in shares of NewMarket Corporation (NYSE:NEU) by 87.5% in the 1st quarter, HoldingsChannel reports. The firm owned 1,479 shares of the specialty chemicals company’s stock after selling 10,350 shares during the quarter. Walleye Capital LLC’s holdings in NewMarket were worth $948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of NewMarket by 6.8% during the 4th quarter. GAMMA Investing LLC now owns 235 shares of the specialty chemicals company’s stock valued at $162,000 after buying an additional 15 shares in the last quarter. Strs Ohio boosted its stake in NewMarket by 12.7% in the first quarter. Strs Ohio now owns 151 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 17 shares in the last quarter. Kesler Norman & Wride LLC boosted its stake in NewMarket by 1.6% in the first quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company’s stock worth $786,000 after buying an additional 19 shares in the last quarter. Great Lakes Advisors LLC grew its position in NewMarket by 5.5% during the fourth quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 19 shares during the last quarter. Finally, Abel Hall LLC grew its position in NewMarket by 6.3% during the fourth quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company’s stock valued at $230,000 after acquiring an additional 20 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

NewMarket Trading Up 1.3%

NYSE NEU opened at $779.99 on Friday. NewMarket Corporation has a 1-year low of $580.03 and a 1-year high of $875.97. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $777.63 and a 200-day moving average of $696.02. The firm has a market cap of $7.18 billion, a PE ratio of 17.82 and a beta of 0.56.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) for the quarter. The company had revenue of $669.72 million for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

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.