NewMarket (NYSE:NEU) Stock Rating Lowered by StockNews.com

NewMarket (NYSE:NEU) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

NewMarket Trading Up 0.6 %

Shares of NYSE NEU opened at $547.85 on Wednesday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 11.36 and a beta of 0.48. The stock’s 50 day moving average price is $515.56 and its two-hundred day moving average price is $534.17. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket has a 52-week low of $480.00 and a 52-week high of $650.00.

NewMarket (NYSE:NEU) last posted 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%.

Institutional Investors Weigh In On NewMarket

A number of institutional investors have recently modified their holdings of NEU. Vanguard Group Inc. grew its stake in NewMarket by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 731,312 shares of the specialty chemicals company’s stock worth $386,389,000 after buying an additional 8,951 shares during the last quarter. State Street Corp lifted its holdings in shares of NewMarket by 4.1% in the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock valued at $127,132,000 after buying an additional 8,979 shares during the period. Pacer Advisors Inc. boosted its position in shares of 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 purchasing an additional 2,493 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NewMarket by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company’s stock worth $89,938,000 after buying an additional 4,621 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of NewMarket by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 124,387 shares of the specialty chemicals company’s stock worth $65,741,000 after acquiring an additional 1,733 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

About NewMarket

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.