London Co of Virginia Sells 37,000 NewMarket Shares in $28 Million Trade

Company Overview - NewMarket operates in the specialty chemicals sector, focusing on petroleum additives that enhance the performance and longevity of lubricants and fuels, serving automotive, industrial, and energy markets globally [6] - The company was founded in 1887 and has a diversified product portfolio including lubricant additives, fuel additives, and antiknock compounds [6] - As of February 13, 2026, NewMarket's market capitalization is $5.56 billion, with a trailing twelve-month revenue of $2.73 billion and net income of $418.75 million [4][6] Recent Transaction - On February 17, 2026, London Co of Virginia disclosed a sale of 36,512 shares of NewMarket, with an estimated transaction value of $27.88 million based on the average closing price during Q4 2025 [2] - Following this transaction, London Co of Virginia reported holding 492,820 shares valued at $338.71 million, reflecting a $99.71 million decrease in position value due to trading and price changes [2] Stock Performance - As of February 13, 2026, NewMarket shares were priced at $592.80, representing a 10.1% increase over the past year, although this performance underperformed the S&P 500 by 1.68 percentage points [7]