NewMarket
About: NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It comprises two broad product applications. Lubricant additives are formulated chemical solutions that, when blended with base fluids, improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. Fuel additives are chemical components that help oil refiners meet fuel specifications or formulated packages that improve the performance of gasoline, diesel, biofuels, and other fuels.
Employees: 2,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
32% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 91
4% more capital invested
Capital invested by funds: $3.16B [Q2] → $3.3B (+$136M) [Q3]
3% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 40
0% more funds holding
Funds holding: 314 [Q2] → 315 (+1) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1.4% less ownership
Funds ownership: 63.97% [Q2] → 62.57% (-1.4%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for NEU.
Financial journalist opinion
Neutral
Business Wire
5 days ago
NewMarket Announces the Election of Executive Vice President and General Counsel
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) (the “Company”) announces today that Bryce D. Jewett III has been elected Executive Vice President and General Counsel, effective January 1, 2025. He had previously been serving as Vice President and General Counsel of the Company. Prior to joining the Company in 2020, Mr. Jewett was a Partner at McGuireWoods LLP where his practice focused on Mergers and Acquisitions. NewMarket Corporation is a holding company operating through i.
Neutral
Business Wire
1 week ago
NewMarket Corporation Authorizes New Share Repurchase Program
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) (the “Company”) approved a new share repurchase program authorizing management to repurchase up to $500 million of the Company's outstanding common stock through December 31, 2027, as market conditions warrant and covenants under the Company's existing debt agreements permit. The new repurchase program will replace the Company's existing $500 million repurchase program approved by the Board of Directors.
Neutral
Business Wire
1 month ago
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 January 2, 2025, to NewMarket shareholders of record at the close of business on December 16, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC.
Neutral
Seeking Alpha
1 month ago
NewMarket Corporation (NEU) Q3 2024 Earnings Call Transcript
NewMarket Corporation (NYSE:NEU ) Q3 2024 Results Conference Call October 24, 2024 3:00 PM ET Company Participants Bill Skrobacz - VP & CFO Operator Good day, and welcome to the NewMarket Corporation's scheduled conference call and webcast to review the Third Quarter 2024 Financial Results. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
1 month ago
NewMarket Corporation Reports Third Quarter and First Nine Months 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 third quarter and first nine months of 2024. Net income for the third quarter of 2024 was $132.3 million, or $13.79 per share, compared to net income of $111.2 million, or $11.60 per share, for the same period last year. For the first nine months of 2024, net income was $351.7 million, or $36.66 per.
Positive
Seeking Alpha
2 months ago
NewMarket: Accelerating EBITDA After M&A Completion
NewMarket's strong cash flows and low capex have enabled rapid net debt reduction, despite the all-cash AMPAC acquisition impacting net debt levels. The company reported a net profit of $111.6M in Q2, with an EPS of $11.63, and expects continued strong performance from petroleum additives and AMPAC. NewMarket's debt ratio is already at the lower end of its preferred range, with a positive working capital position of approximately $700M.
Neutral
Business Wire
2 months ago
NewMarket Announces the Retirement of Its Vice President and Chief Financial Officer and the Appointment of Successor
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) (the “Company”) announced today that William J. Skrobacz is stepping down from his role as Vice President and Chief Financial Officer of the Company effective December 31, 2024, as he intends to retire from the Company in 2025. Since joining the Company over 13 years ago, Mr. Skrobacz has served in a variety of finance and accounting roles of increasing responsibility, culminating in his appointment as Vice President and Chief Fi.
Neutral
Business Wire
2 months ago
NewMarket Corporation Schedules Conference Call and Webcast to Review Third Quarter 2024 Financial Results
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release third quarter 2024 earnings at the close of business on Wednesday, October 23, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and webcast are scheduled for 3:00 pm ET on Thursday, October 24, 2024 to review third quarter 2024 financial results. You can access the conference call live by dialing 1-888-50.
Neutral
Business Wire
4 months ago
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 October 1, 2024, to NewMarket shareholders of record at the close of business on September 16, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPA.
Neutral
Seeking Alpha
4 months ago
NewMarket Corporation (NEU) Q2 2024 Earnings Call Transcript
NewMarket Corporation (NYSE:NEU ) Q2 2024 Results Conference Call July 30, 2024 3:00 PM ET Company Participants Bill Skrobacz - IR Operator Good afternoon, everyone. And welcome to the NewMarket Corporation Conference Call and Webcast to review Second Quarter 2024 Financial Results.
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