What was the extent and value of Bank of America's reduction in its NewMarket Corporation stake, and how many shares does it hold now?

Bank of America Corp DE reduced its stake in NewMarket Corporation ($NEU) by 94.8% in the first quarter, selling 918,978 shares and retaining only 49,914 shares, which are valued at approximately $32 million.

How did NewMarket Corporation's stock price, financial performance, and dividend policy respond around the time of Bank of America's stake reduction?

Following the reported quarterly revenue of $747.09 million and earnings of $14.54 per share, NewMarket shares rose 1.2% to $959.36—nearing their 52-week high—and the company declared a quarterly dividend of $3.00 per share, while analysts maintained an average 'Buy' rating for the stock.

Bank of America Reduces NewMarket Corporation Stake by 94.8%

Aug 16, 2026

Bank of America Corp significantly reduced its stake in NewMarket Corporation by 94.8% in Q1, selling 918,978 shares. NewMarket shares rose 1.2% following quarterly revenue of $747.09 million and a $3.00 dividend declaration.

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