5 Best Biofuel Stocks To Buy Now

2. NewMarket Corporation (NYSE:NEU)

Number of Hedge Fund Investors In Q2 2023: 19

NewMarket Corporation (NYSE:NEU) provides additives that enhance ethanol’s performance as a biofuel. It is a dividend paying stock with a sizeable 1.99% yield. It is also a stock that is dominated by institutional investors, with the latest data showing that 67% of NewMarket Corporation (NYSE:NEU)’s shares are owned by institutional players according to Refinitiv.

Insider Monkey’s second quarter of 2023 survey covering 910 hedge funds revealed that 19 had bought the firm’s shares. NewMarket Corporation (NYSE:NEU)’s largest hedge fund shareholder is Cliff Asness’ AQR Capital Management due to its $8.7 million investment.

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