NewMarket (NYSE:NEU) Shares Down 11.9% – Time to Sell?

NewMarket Corporation (NYSE:NEU)’s stock price traded down 11.9% during trading on Thursday . The stock traded as low as $619.38 and last traded at $614.5680. 33,512 shares traded hands during trading, a decline of 78% from the average session volume of 150,993 shares. The stock had previously closed at $697.76.

Analyst Ratings Changes

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

NewMarket Stock Down 0.8%

The company has a 50-day moving average of $696.02 and a two-hundred day moving average of $752.71. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.57 billion, a P/E ratio of 13.34 and a beta of 0.48.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $8.65 EPS for the quarter. NewMarket had a net margin of 15.37% and a return on equity of 25.38%. The business had revenue of $635.40 million for the quarter.

Hedge Funds Weigh In On NewMarket

Several institutional investors and hedge funds have recently modified their holdings of NEU. Ameriflex Group Inc. purchased a new stake in shares of NewMarket during the third quarter valued at approximately $27,000. Los Angeles Capital Management LLC purchased a new stake in NewMarket during the 4th quarter valued at $25,000. Winnow Wealth LLC bought a new stake in shares of NewMarket in the 3rd quarter worth $29,000. Root Financial Partners LLC bought a new position in shares of NewMarket during the third quarter valued at $30,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of NewMarket during the fourth quarter valued at $27,000. 61.09% of the stock is currently owned by institutional investors.

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.