Centricity Wealth Management LLC Buys New Holdings in NewMarket Co. (NYSE:NEU)

Centricity Wealth Management LLC purchased a new position in NewMarket Co. (NYSE:NEU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 106 shares of the specialty chemicals company’s stock, valued at approximately $56,000.

A number of other large investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its stake 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 valued at $39,000 after purchasing an additional 65 shares during the period. Eagle Bay Advisors LLC purchased a new stake in NewMarket during the 4th quarter valued at $40,000. CENTRAL TRUST Co grew its holdings in NewMarket by 36.9% in the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock worth $121,000 after acquiring an additional 59 shares during the last quarter. ORG Partners LLC bought a new stake in NewMarket in the 4th quarter worth $159,000. Finally, KBC Group NV increased its position in shares of NewMarket by 82.4% in the fourth quarter. KBC Group NV now owns 321 shares of the specialty chemicals company’s stock valued at $170,000 after acquiring an additional 145 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

NewMarket Trading Down 0.1 %

NYSE NEU opened at $547.59 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. NewMarket Co. has a fifty-two week low of $480.00 and a fifty-two week high of $650.00. The stock has a market cap of $5.21 billion, a P/E ratio of 11.36 and a beta of 0.48. The stock has a 50 day simple moving average of $515.56 and a two-hundred day simple moving average of $534.17.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Company Profile

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.