BlackRock Amends NEWMARKET CORP Stake, Filing SC 13G/A
Ticker: NEU · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1282637
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its NEWMARKET CORP stake, showing its latest passive holdings.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Common Stock in NEWMARKET CORP as of December 31, 2023. This amendment, number 10, updates previous disclosures about BlackRock's passive investment stake in the company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its investment strategy or outlook on NEWMARKET CORP's future performance.
Why It Matters
This filing shows BlackRock's updated passive ownership in NEWMARKET CORP, providing transparency on a significant institutional investor's position, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in NEWMARKET CORP, but this routine update doesn't suggest an immediate need for action. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- NEWMARKET CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 10)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is NEWMARKET CORP, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEWMARKET CORP' and 'NEWMARKET CORP (Name of Issuer)'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Under which rule is this Schedule 13G filed?
This Schedule is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding NEWMARKET CORP (NEU).