Bank Of America Corp Acquired Stake in Newmarket Corp

February 14, 2018 - By Dolores Ford

 Bank Of America Corp  Acquired Stake in Newmarket Corp

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.11, from 1.33 in 2017Q2. It worsened, as 20 investors sold NewMarket Corporation shares while 63 reduced holdings. 31 funds opened positions while 70 raised stakes. 6.85 million shares or 5.53% more from 6.49 million shares in 2017Q2 were reported.

Citigroup invested 0% in NewMarket Corporation (NYSE:NEU). The Georgia-based Suntrust Banks has invested 0% in NewMarket Corporation (NYSE:NEU). Aqr Cap Mngmt accumulated 0.01% or 24,041 shares. Moreover, Us National Bank & Trust De has 0% invested in NewMarket Corporation (NYSE:NEU). Eulav Asset Management reported 18,200 shares or 0.37% of all its holdings. The New York-based New York State Teachers Retirement System has invested 0.02% in NewMarket Corporation (NYSE:NEU). Benjamin F Edwards And Inc stated it has 4 shares. Point72 Asia (Hong Kong) invested 0.02% of its portfolio in NewMarket Corporation (NYSE:NEU). Hightower Limited Liability reported 0% of its portfolio in NewMarket Corporation (NYSE:NEU). 18,914 were reported by Amer Intl Inc. Blackrock holds 725,557 shares. Creative Planning has 985 shares for 0% of their portfolio. Sei Investments Co holds 3,890 shares or 0.01% of its portfolio. Dimensional Fund Advisors Ltd Partnership reported 0.01% of its portfolio in NewMarket Corporation (NYSE:NEU). 17,359 are held by Eaton Vance Mgmt.

The New Bank Of America Corp Holding in Newmarket Corp

Bank Of America Corp reported SC 13G/A form with the SEC for Newmarket Corp. Access it here: 000114036118007164. As reported by Bank Of America Corp , the filler owns 5.69% or 674,417 shares of the Materials–company.

Newmarket Corp stake is new for [reportingPerson]. Date of activity: December29,2017. This shows Bank Of America Corp ’s positive view for Newmarket Corp.

Newmarket Corp Institutional Sentiment

Filings show 213 investors own Newmarket Corp. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 876682. 6469389 were owned by these investors. 17 funds opened new Newmarket Corp stakes, 68 increased positions. There were 30 that closed positions and 86 reduced them.

Herndon Capital Management Llc is an investor bullish on Newmarket Corp, owning 317582 shares as of Q3 2015 for 2.21% of its portfolio. Burney Co owns 44205 shares or 1.22% of its portfolio. NY Archon Partners Llc have 2.96% of its portfolio for 28000 shares. Further, Jlb & Associates Inc reported stake worth 2.49% of its portfolio. The VA London Co Of Virginia owns 1283414 shares. Newmarket Corp is 4.24% of its portfolio.

Business Profile

NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton. The Company manufactures chemical components that are selected to perform one or more specific functions and combine those chemicals with other chemicals or components to form additive packages for use in specified end user applications. The petroleum additives product applications include lubricant additives and fuel additives. The Company’s All other category includes the operations of the TEL business, as well as contract manufacturing and services performed by Ethyl. The Ethyl plant facility is located in Houston, Texas. It is involved in terminal operations related to TEL and other fuel additives.

SEC Form 13G.

The stock increased 0.89% or $3.6 during the last trading session, reaching $408.72. About 41,393 shares traded or 10.32% up from the average. NewMarket Corporation (NYSE:NEU) has risen 15.93% since February 14, 2017 and is uptrending. It has underperformed by 0.77% the S&P500.

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. The company has market cap of $4.82 billion. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives. It has a 25.42 P/E ratio. The firm also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers , and individual customers.

More notable recent NewMarket Corporation (NYSE:NEU) news were published by: Seekingalpha.com which released: “NewMarket Needs To Find New Markets To Drive Growth” on April 18, 2017, also Seekingalpha.com with their article: “NewMarket Corporation’s (NEU) CEO Thomas Gottwald on Q4 2016 Results …” published on February 01, 2017, Seekingalpha.com published: “NewMarket Corporation’s (NEU) CEO Thomas Gottwald on Q1 2017 Results …” on April 28, 2017. More interesting news about NewMarket Corporation (NYSE:NEU) were released by: Nasdaq.com and their article: “NewMarket Corporation (NEU) Ex-Dividend Date Scheduled for December 14, 2017” published on December 13, 2017 as well as Businesswire.com‘s news article titled: “NewMarket Corporation Reports Second Quarter and First Half 2017 Results” with publication date: August 02, 2017.

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