NEU stock traded up $11.28 on Monday, hitting $527.31. 50,086 shares of the company were exchanged, compared to its average volume of 34,299. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 10.94 and a beta of 0.48. The business's fifty day moving average is $515.19 and its two-hundred day moving average is $534.86. NewMarket has a twelve month low of $480.00 and a twelve month high of $650.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.50.
NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.
Several hedge funds have recently bought and sold shares of NEU. State Street Corp boosted its position in shares of NewMarket by 4.1% during the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company's stock worth $127,132,000 after buying an additional 8,979 shares during the period. Pacer Advisors Inc. raised its stake in NewMarket by 1.3% during the 4th quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company's stock valued at $104,648,000 after acquiring an additional 2,493 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in NewMarket by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company's stock worth $94,314,000 after acquiring an additional 537 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NewMarket by 20.6% in the fourth quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock worth $48,542,000 after purchasing an additional 15,694 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NewMarket by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 82,347 shares of the specialty chemicals company's stock valued at $43,508,000 after purchasing an additional 3,601 shares during the period. 61.09% of the stock is currently owned by institutional investors.
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.
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