NewMarket (NEU) Stock Price, News & Analysis

Company Overview

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, Asia Pacific, Europe, the Middle East, Africa, and India. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.

Key Stats

• Today's Range: $534.92 to $546.20
• 50-Day Range: $518.61 to $564.50
• 52-Week Range: $494.04 to $650.00
• Volume: 24,604 shs
• Average Volume: 21,218 shs
• Market Capitalization: $5.21 billion
• P/E Ratio: 12.05
• Dividend Yield: 1.84%
• Price Target: N/A
• Consensus Rating: N/A

NewMarket Stock Analysis - MarketRank™

NewMarket scored higher than 44% of companies evaluated by MarketBeat, and ranked 140th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for NewMarket.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of NewMarket is 12.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of NewMarket is 12.05, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 100.86.

Price to Book Value per Share Ratio

NewMarket has a P/B Ratio of 3.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.02% 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 2.9, 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 22.10%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

NewMarket pays a meaningful dividend of 1.86%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

NewMarket does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of NewMarket is 22.21%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.15

Percentage of Shares Shorted

1.02% 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 2.9, 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 22.10%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.70

News Sentiment

NewMarket has a news sentiment score of 1.70. 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 0.55 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for NewMarket this week, compared to 3 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NewMarket insiders have not sold or bought any company stock.

Percentage Held by Insiders

20.40% 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

61.09% of the stock of NewMarket is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NEU Stock Analysis - Frequently Asked Questions

How have NEU shares performed this year?

NewMarket's stock was trading at $545.83 at the start of the year. Since then, NEU shares have decreased by 0.6% and is now trading at $542.65.
View the best growth stocks for 2024 here.

How were NewMarket's earnings last quarter?

NewMarket Co. (NYSE:NEU) announced its quarterly earnings data on Wednesday, October, 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. The specialty chemicals company had revenue of $724.95 million for the quarter. NewMarket had a net margin of 15.57% and a trailing twelve-month return on equity of 35.79%.

Who are NewMarket's major shareholders?

Top institutional investors of NewMarket include State Street Corp (2.39%), Pacer Advisors Inc. (2.04%), Allspring Global Investments Holdings LLC (1.78%) and Geode Capital Management LLC (1.28%). Insiders that own company stock include James E Rogers and Bruce R Hazelgrove III.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NewMarket own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NewMarket investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/16/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/23/2024
• Today: 11/22/2024
• Ex-Dividend for 1/2 Dividend: 12/16/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Industrial organic chemicals
• Sub-Industry: Specialty Chemicals
• Current Symbol: NYSE:NEU
• CUSIP: 65158710
• CIK: 1282637
• Web: www.newmarket.com
• Phone: (804) 788-5000
• Fax: 804-788-5688
• Employees: 2,000
• Year Founded: 1887

Profitability

• EPS (Most Recent Fiscal Year): $45.03
• Trailing P/E Ratio: 12.05
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $388.86 million
• Net Margins: 15.57%
• Pretax Margin: 19.98%
• Return on Equity: 35.79%
• Return on Assets: 14.67%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 2.83
• Quick Ratio: 1.50

Sales & Book Value

• Annual Sales: $2.78 billion
• Price / Sales: 1.88
• Cash Flow: $49.42 per share
• Price / Cash Flow: 10.98
• Book Value: $142.19 per share
• Price / Book: 3.82

Miscellaneous

• Outstanding Shares: 9,595,000
• Free Float: 7,638,000
• Market Cap: $5.21 billion
• Optionable: Optionable
• Beta: 0.50