NewMarket (NEU) Stock Forecast, Price & News

NewMarket's stock was trading at $311.11 at the beginning of 2023. Since then, NEU shares have increased by 30.1% and is now trading at $404.74.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our NEU earnings forecast.

NewMarket Co. (NYSE:NEU) posted its earnings results on Wednesday, October, 28th. The specialty chemicals company reported $8.77 EPS for the quarter, beating the consensus estimate of $6.97 by $1.80. The specialty chemicals company earned $512.87 million during the quarter. NewMarket had a net margin of 11.33% and a trailing twelve-month return on equity of 42.76%.

NewMarket announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 15th will be paid a dividend of $2.25 per share on Monday, July 3rd. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a positive change from the stock's previous quarterly dividend of $2.10.
Read our dividend analysis for NEU.

ETFs with the largest weight of NewMarket (NYSE:NEU) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco DWA Basic Materials Momentum ETF (PYZ), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), LeaderShares AlphaFactor US Core Equity ETF (LSAF), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

NewMarket (NYSE:NEU) pays an annual dividend of $8.40 per share and currently has a dividend yield of 2.11%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.08%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NEU.

6 employees have rated NewMarket Chief Executive Officer Teddy Gottwald on Glassdoor.com. Teddy Gottwald has an approval rating of 100% among the company's employees. This puts Teddy Gottwald in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NewMarket investors own include Exxon Mobil (XOM), Caterpillar (CAT), Illinois Tool Works (ITW), Altria Group (MO), Carnival Co. & (CCL), Colgate-Palmolive (CL), Cummins (CMI), Eastman Chemical (EMN), Gilead Sciences (GILD) and Corning (GLW).

NewMarket trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEU."

NewMarket's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank of America Corp DE (10.11%), London Co. of Virginia (7.03%), BlackRock Inc. (6.28%), Allspring Global Investments Holdings LLC (3.96%), First Trust Advisors LP (3.02%) and State Street Corp (2.07%).
View institutional ownership trends.

Shares of NEU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NEU stock can currently be purchased for approximately $404.74.

NewMarket (NYSE:NEU) has a market capitalization of $3.90 billion and generates $2.76 billion in revenue each year. The specialty chemicals company earns $279.54 million in net income (profit) each year or $32.21 on an earnings per share basis.

The company employs 2,104 workers across the globe.

NewMarket's mailing address is 330 SOUTH FOURTH STREET, RICHMOND VA, 23219. The official website for the company is www.newmarket.com. The specialty chemicals company can be reached via phone at (804) 788-5000, via email at investorrelations@newmarket.com, or via fax at 804-788-5688.