NYSE:NEU

NewMarket (NEU) Stock Forecast, Price & News

$451.01

-8.23 (-1.79%)

(As of 09/26/2023 ET)

Compare

Today's Range: $449.18
▼
$459.15
50-Day Range: $432.19
▼
$472.21
52-Week Range: $288.06
▼
$475.94

Volume: 25,903 shs
Average Volume: 38,704 shs
Market Capitalization: $4.33 billion

P/E Ratio: 12.52
Dividend Yield: 2.00%
Price Target: N/A

NewMarket MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.87% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -5.15
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Basic Materials Sector

117th out of 161 stocks

Industrial Organic Chemicals Industry

11th out of 17 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for NewMarket.

3.0

Short Interest

Percentage of Shares Shorted
0.87% of the float of NewMarket has been sold short.
Short Interest Ratio / Days to Cover
NewMarket has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NewMarket has recently increased by 7.47%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
NewMarket pays a meaningful dividend of 1.96%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
NewMarket has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of NewMarket is 24.98%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NewMarket has received a -159.67% net impact score from Upright. The largest negative impact of Newmarket in category "GHG emissions" seems to be driven mostly by its "Lubricant additives", "Vehicle antifreezes", and "Oil and gas industry chemicals" products. See details.
Environmental Sustainability
The Environmental Impact score for NewMarket is -5.15.

3.2

News and Social Media Coverage

News Sentiment
NewMarket has a news sentiment score of 1.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for NewMarket this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for NEU on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
2 people have added NewMarket to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NewMarket insiders have not sold or bought any company stock.
Percentage Held by Insiders
20.90% of the stock of NewMarket is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.99% of the stock of NewMarket is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of NewMarket is 12.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of NewMarket is 12.52, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 95.19.
Price to Book Value per Share Ratio
NewMarket has a P/B Ratio of 5.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NewMarket (NYSE:NEU) Stock

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils. It 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. In addition, the company engages in the marketing of antiknock compounds, as well as contracted manufacturing and services activities; and owns and manages a real property in Virginia. It operates in North America, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and India. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.

NEU Price History

30 days | 90 days | 365 days | Advanced Chart

NEU Stock News Headlines

September 7, 2023 | msn.com

NewMarket Corporation: Showing Why It's A Winner

August 27, 2023 | mirror.co.uk

Newsboy’s horseracing tips for Friday’s five meetings, including Newmarket Nap

September 27, 2023 | Chaikin Analytics (Ad)

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August 3, 2023 | seekingalpha.com

NewMarket declares $2.25 dividend

August 1, 2023 | msn.com

Chart of the Day: NewMarket - ICE Performance Enhancement Products

July 30, 2023 | finance.yahoo.com

Here's Why We Think NewMarket (NYSE:NEU) Is Well Worth Watching

July 29, 2023 | theguardian.com

Banksy, Hirst and Emin come to town: an arty weekend in Newmarket, Suffolk

July 27, 2023 | msn.com

NewMarket GAAP EPS of $10.36, revenue of $685.3M

September 27, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.

July 27, 2023 | washingtonpost.com

NewMarket: Q2 Earnings Snapshot

July 27, 2023 | finance.yahoo.com

NewMarket Corporation Reports Second Quarter and First Half 2023 Results

July 19, 2023 | mirror.co.uk

Newsboy's ITV Racing tips for Saturday's televised action at Newcastle and Newmarket

July 15, 2023 | finance.yahoo.com

Boasting A 39% Return On Equity, Is NewMarket Corporation (NYSE:NEU) A Top Quality Stock?

July 5, 2023 | finance.yahoo.com

NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2023 Financial Results

June 6, 2023 | finance.yahoo.com

Investing in NewMarket (NYSE:NEU) a year ago would have delivered you a 25% gain

May 31, 2023 | finance.yahoo.com

NEU - NewMarket Corporation

May 16, 2023 | finance.yahoo.com

NewMarket (NYSE:NEU) Looks To Prolong Its Impressive Returns

April 27, 2023 | finance.yahoo.com

NewMarket Corporation Increases Quarterly Dividend

April 26, 2023 | finance.yahoo.com

NewMarket Corporation Reports First Quarter 2023 Results

April 10, 2023 | seekingalpha.com

NewMarket Is A Cash Cow

April 6, 2023 | finance.yahoo.com

NewMarket Corporation Schedules Conference Call and Webcast to Review First Quarter 2023 Financial Results

March 9, 2023 | finance.yahoo.com

NewMarket Corporation (NYSE:NEU) Pays A US$2.10 Dividend In Just Four Days

February 5, 2023 | finance.yahoo.com

Is NewMarket Corporation's (NYSE:NEU) ROE Of 37% Impressive?

February 4, 2023 | insidermonkey.com

NewMarket Corporation (NYSE:NEU) Q4 2022 Earnings Call Transcript

January 31, 2023 | finance.yahoo.com

NewMarket Corporation Reports Fourth Quarter and Full Year 2022 Results

January 5, 2023 | finance.yahoo.com

NewMarket Corporation Schedules Conference Call and Webcast to Review Fourth Quarter and Full Year 2022 Financial Results

December 28, 2022 | finance.yahoo.com

Shareholders in NewMarket (NYSE:NEU) are in the red if they invested three years ago

See More Headlines

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NEU Company Calendar

Ex-Dividend for 7/3 Dividend: 6/14/2023
Dividend Payable: 7/03/2023
Last Earnings: 7/26/2023
Ex-Dividend for 10/2 Dividend: 9/14/2023
Today: 9/27/2023
Dividend Payable: 10/02/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Industrial organic chemicals
Sub-Industry: Specialty Chemicals
Sector: Basic Materials
Current Symbol: NYSE:NEU
CUSIP: 65158710
CIK: 1282637
Web: www.newmarket.com
Phone: (804) 788-5000
Fax: 804-788-5688
Employees: 2,058
Year Founded: 1887

Profitability

EPS (Most Recent Fiscal Year): $36.03
Trailing P/E Ratio: 12.52
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $279.54 million
Net Margins: 12.69%
Pretax Margin: 15.85%
Return on Equity: 44.65%
Return on Assets: 14.84%

Debt

Debt-to-Equity Ratio: 1.03
Current Ratio: 3.27
Quick Ratio: 1.73

Sales & Book Value

Annual Sales: $2.76 billion
Price / Sales: 1.56
Cash Flow: $36.67 per share
Price / Cash Flow: 12.30
Book Value: $77.23 per share
Price / Book: 5.84

Miscellaneous

Outstanding Shares: 9,590,000
Free Float: 7,585,000
Market Cap: $4.33 billion
Optionable: Optionable
Beta: 0.39

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Key Executives

Mr. Thomas E. Gottwald (Age 62)
Chairman, Pres & CEO
Comp: $1.84M

Mr. Bruce R. Hazelgrove III (Age 62)
Exec. VP & Chief Admin. Officer
Comp: $976.89k

Mr. Bryce Dickinson Jewett III (Age 48)
VP & Gen. Counsel
Comp: $775.41k

Mr. Brian D. Paliotti (Age 46)
Pres of Afton Chemical Corp.
Comp: $954.9k

Mr. William J. Skrobacz (Age 63)
VP & CFO

Ms. Gail C. Ridgeway (Age 48)
Principal Accounting Officer & Controller

Mr. Cameron D. Warner Jr. (Age 64)
Treasurer

Ms. Anne-Marie Anderson
Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NEU Stock - Frequently Asked Questions

How have NEU shares performed in 2023?: NewMarket's stock was trading at $311.11 at the start of the year. Since then, NEU shares have increased by 45.0% and is now trading at $451.01.
View the best growth stocks for 2023 here.
When is NewMarket's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our NEU earnings forecast.
How were NewMarket's earnings last quarter?: NewMarket Co. (NYSE:NEU) posted its quarterly earnings results on Wednesday, July, 26th. The specialty chemicals company reported $10.36 earnings per share for the quarter. The specialty chemicals company earned $685.13 million during the quarter. NewMarket had a net margin of 12.69% and a trailing twelve-month return on equity of 44.65%.
How often does NewMarket pay dividends? What is the dividend yield for NewMarket?: NewMarket declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 15th will be given a dividend of $2.25 per share on Monday, October 2nd. This represents a $9.00 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for NEU.
What ETFs hold NewMarket's stock?: 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), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Pacer US Export Leaders ETF (PEXL), LeaderShares AlphaFactor US Core Equity ETF (LSAF) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).
Is NewMarket a good dividend stock?: NewMarket (NYSE:NEU) pays an annual dividend of $9.00 per share and currently has a dividend yield of 1.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NEU.
What is Teddy Gottwald's approval rating as NewMarket's CEO?: 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.

What other stocks do shareholders of NewMarket own?: 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).
What is NewMarket's stock symbol?: NewMarket trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEU."
Who are NewMarket's major shareholders?: NewMarket's stock is owned by a number of retail and institutional investors. Top institutional investors include London Co. of Virginia (6.91%), BlackRock Inc. (6.21%), Allspring Global Investments Holdings LLC (3.86%), State Street Corp (2.00%), DAVENPORT & Co LLC (1.79%) and Truist Financial Corp (1.60%).
View institutional ownership trends.
How do I buy shares of NewMarket?: 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.
Compare Top Brokerages Here.
What is NewMarket's stock price today?: One share of NEU stock can currently be purchased for approximately $451.01.
How much money does NewMarket make?: NewMarket (NYSE:NEU) has a market capitalization of $4.33 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 $36.03 on an earnings per share basis.
How many employees does NewMarket have?: The company employs 2,058 workers across the globe.
How can I contact NewMarket?: 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.

This page (NYSE:NEU) was last updated on 9/27/2023 by MarketBeat.com Staff

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