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Last Price: 543.02 - Change: 0.79 - Change %: 0.1457
05/24/2024 16:10:00 EST

NewMarket Corporation (NEU)

Industry: Specialty Chemicals

Price Support Resistance

In the past 20 trading days, NEU has been trading in a range between $565.30 and $526.92 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

NewMarket Corporation $NEU entered a Red zone 35 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $450, a potential down side of -17.01% from the recent price of 542.23. The stock is trading 19.39% (potential upside) below its 52 week high of $647.36 and 41.96 % (potential downside) above its 52 week low of $381.97 - based on the recent price.

Company Summary

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.

NEU Website

News

NewMarket Corporation (NEU) Q1 2024 Earnings Call Transcript
NewMarket Corporation (NYSE:NEU ) Q1 2024 Earnings Conference Call April 25, 2024 3:00 PM ET Company Participants Bill Skrobacz - Vice President and Chief Financial Officer Conference Call Participants Operator Greetings. Welcome to NewMarket Corporation's Conference Call and Webcast to review First Quarter 2024 Financial Results.
Source: Seeking Alpha
Thu, 25 Apr 2024 19:25:25 -0400
Sentiment: Neutral
NewMarket Corporation Declares Quarterly Dividend
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable July 1, 2024 to NewMarket shareholders of record at the close of business on June 14, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The A.
Source: Business Wire
Thu, 25 Apr 2024 17:01:00 -0400
Sentiment: Neutral
NewMarket Corporation Reports First Quarter 2024 Results
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the first quarter of 2024. Net income for the first quarter of 2024 was $107.7 million, or $11.23 per share, compared to net income of $97.6 million, or $10.09 per share, for the first quarter of 2023. Petroleum additives sales for the first quarter of 2024 were $677.3 million, compared to $700.0 million.
Source: Business Wire
Wed, 24 Apr 2024 17:01:00 -0400
Sentiment: Neutral
NewMarket Corporation Schedules Conference Call and Webcast to Review First Quarter 2024 Financial Results
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release first quarter 2024 earnings at the close of business on Wednesday, April 24, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and Internet webcast is scheduled for 3:00 pm ET on Thursday, April 25, 2024 to review first quarter 2024 financial results. You can access the conference call live by dialing 1-88.
Source: Business Wire
Thu, 28 Mar 2024 11:05:00 -0400
Sentiment: Neutral
39 Upcoming Dividend Increases Including 2 Dividend Kings
Thirty-nine companies, including Coca-Cola and Telephone and Data Systems, are raising their dividends.
Source: Seeking Alpha
Fri, 08 Mar 2024 11:48:18 -0500
Sentiment: Positive
Instituions Institution %: 63.277
Last QTR Institution change: 68261

Insiders
Insiders %: 31.12
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 1536
Insiders Net last QTR: -1536

Analyst Ratings
Target Price: 450
Overall Rating: 3
Strong Buys (5): 0
Buys (4): 0
Holds (3): 1
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 647.3595
52 Week Low: 381.9731
Beta: 0.515
50 Day MA: 582.9118
200 Day MA: 538.424

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.114
Qtr Revenue Growth YOY: -0.009
Forward PE: 0
Trailing PE: 13.0534

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