NewMarket - NEU Stock Forecast, Price & News

NewMarket's stock was trading at $311.11 at the beginning of 2023. Since then, NEU stock has increased by 17.3% and is now trading at $364.98.
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NewMarket saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 151,300 shares, an increase of 33.0% from the February 28th total of 113,800 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.2% of the shares of the company are short sold.
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 earnings results on Wednesday, October, 28th. The specialty chemicals company reported $8.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.97 by $1.80. The specialty chemicals company had revenue of $512.87 million for 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, February 23rd. Investors of record on Wednesday, March 15th will be paid a dividend of $2.10 per share on Monday, April 3rd. This represents a $8.40 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for NEU.

ETFs with the largest weight of NewMarket (NYSE:NEU) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Materials AlphaDEX Fund (FXZ), Invesco S&P MidCap Low Volatility ETF (XMLV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), First Trust Value Line Dividend Index Fund (FVD) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

NewMarket (NYSE:NEU) pays an annual dividend of $8.40 per share and currently has a dividend yield of 2.34%. 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 number of institutional and retail investors. Top institutional investors include Bank of America Corp DE (9.90%), Allspring Global Investments Holdings LLC (3.66%), First Trust Advisors LP (3.06%), Truist Financial Corp (1.55%), DAVENPORT & Co LLC (1.54%) and Dimensional Fund Advisors LP (1.22%).
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 $364.98.

NewMarket (NYSE:NEU) has a market capitalization of $3.53 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 $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.