NewMarket - NEU Stock Forecast, Price & News

NewMarket's stock was trading at $311.11 at the beginning of the year. Since then, NEU stock has increased by 16.4% and is now trading at $362.03.
View the best growth stocks for 2023 here.

NewMarket saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 98,800 shares, an increase of 21.7% from the December 31st total of 81,200 shares. Based on an average trading volume of 51,600 shares, the short-interest ratio is presently 1.9 days. Currently, 1.6% of the company's shares are sold short.
View NewMarket's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our NEU earnings forecast.

NewMarket Co. (NYSE:NEU) released its quarterly earnings results on Wednesday, October, 28th. The specialty chemicals company reported $8.77 earnings per share for the quarter, beating analysts' consensus estimates of $6.97 by $1.80. The specialty chemicals company earned $512.87 million during the quarter. NewMarket had a trailing twelve-month return on equity of 39.23% and a net margin of 10.11%.

NewMarket announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Thursday, December 15th will be given a dividend of $2.10 per share on Tuesday, January 3rd. This represents a $8.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for NEU.

NewMarket (NYSE:NEU) pays an annual dividend of $8.40 per share and currently has a dividend yield of 2.28%. The dividend payout ratio is 30.14%. 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 variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.66%), DAVENPORT & Co LLC (1.54%), New York State Common Retirement Fund (0.43%), HB Wealth Management LLC (0.14%), RK Asset Management LLC (0.12%) and State of Alaska Department of Revenue (0.10%).
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 $362.03.

NewMarket (NYSE:NEU) has a market capitalization of $3.57 billion and generates $2.76 billion in revenue each year. The specialty chemicals company earns $190.91 million in net income (profit) each year or $27.87 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.