December 1, 2016 - By Ruchi Gupta · 0 Comments
Newmarket Corp (NYSE:NEU) institutional sentiment decreased to 0.87 in 2016 Q2. Its down -0.17, from 1.04 in 2016Q1. The ratio has worsened, as 95 active investment managers increased or opened new positions, while 91 sold and decreased equity positions in Newmarket Corp. The active investment managers in our partner’s database reported: 6.83 million shares, down from 6.96 million shares in 2016Q1. Also, the number of active investment managers holding Newmarket Corp in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 24 Reduced: 67 Increased: 74 New Position: 21.
NewMarket Corporation is a holding company. The company has a market cap of $4.91 billion. The Firm is the parent firm of Afton Chemical Corporation , Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services) and NewMarket Development Corporation (NewMarket Development). It has a 19.75 P/E ratio. It operates in petroleum additives segment, which is primarily represented by Afton.
The stock closed at $418.41 during the last session. It is down 4.71% since April 28, 2016 and is uptrending. It has underperformed by 1.22% the S&P500.
Analysts await NewMarket Corporation (NYSE:NEU) to report earnings on February, 6. They expect $3.87 earnings per share, down 12.84% or $0.57 from last year’s $4.44 per share. NEU’s profit will be $45.41 million for 27.03 P/E if the $3.87 EPS becomes a reality. After $6.00 actual earnings per share reported by NewMarket Corporation for the previous quarter, Wall Street now forecasts -35.50% negative EPS growth.
According to Zacks Investment Research, “NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated chemical blends to market-general additive components, the NewMarket family of companies provides the world with the technology to make fuels burn cleaner, engines run smoother and machines last longer.”
London Co Of Virginia holds 4.27% of its portfolio in NewMarket Corporation for 1.34 million shares. Archon Partners Llc owns 29,626 shares or 3.35% of their US portfolio. Moreover, Jlb & Associates Inc has 2.77% invested in the company for 23,586 shares. The Georgia-based Herndon Capital Management Llc has invested 2.59% in the stock. Krasney Financial Llc, a New Jersey-based fund reported 15,563 shares.#img1#
NewMarket Corporation, incorporated on March 3, 2004, is a holding company. The Firm is the parent firm of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services) and NewMarket Development Corporation (NewMarket Development). The Firm operates in petroleum additives segment, which is primarily represented by Afton. The tetraethyl lead (TEL) business of Ethyl is reflected in the All other category. Each of the Company’s subsidiaries manages its own assets and liabilities. Afton encompasses the petroleum additives business, while Ethyl represents the sale of TEL in North America and certain petroleum additives manufacturing operations. NewMarket Development manages the property that the Company owns in Richmond, Virginia consisting of approximately 60 acres. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl and NewMarket Development. The Firm has activities in the United States, Canada, Europe, Asia Pacific, India, Latin America and the Middle East.
More important recent NewMarket Corporation (NYSE:NEU) news were published by: Marketwatch.com which released: “NewMarket Corp.” on December 21, 2009, also Businesswire.com published article titled: “NewMarket Corporation Reports Third Quarter and First Nine Months 2016 Results”, Fool.com published: “NewMarket Corporation: Should Investors Be Concerned?” on May 28, 2014. More interesting news about NewMarket Corporation (NYSE:NEU) was released by: Seekingalpha.com and their article: “NewMarket Corporation’s (NEU) CEO Teddy Gottwald on Q3 2016 Results – Earnings …” with publication date: October 28, 2016.
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By Ruchi Gupta