DAVENPORT & Co LLC Purchases 15,129 Shares of NewMarket Co. (NYSE:NEU)

DAVENPORT & Co LLC boosted its holdings in shares of NewMarket Co. (NYSE:NEU) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,879 shares of the specialty chemicals company’s stock after acquiring an additional 15,129 shares during the period. DAVENPORT & Co LLC owned approximately 0.70% of NewMarket worth $35,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEU. Blue Trust Inc. raised its position in shares of NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 65 shares during the period. Eagle Bay Advisors LLC acquired a new stake in NewMarket during the 4th quarter worth approximately $40,000. GAMMA Investing LLC lifted its stake in NewMarket by 95.5% in the third quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 105 shares in the last quarter. CENTRAL TRUST Co lifted its stake in NewMarket by 36.9% in the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 59 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in shares of NewMarket in the fourth quarter valued at approximately $159,000. 61.09% of the stock is currently owned by institutional investors.

NewMarket Trading Down 0.4 %

Shares of NYSE:NEU opened at $498.67 on Friday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 11.07 and a beta of 0.50. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $650.00. The company’s fifty day simple moving average is $518.60 and its 200 day simple moving average is $536.32. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80.

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.