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 Video: What is a Stock Split?
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| Core Laboratories is a holding company. Through its subsidiaries, Co. provides proprietary and patented reservoir description and production enhancement services and products to the oil and gas industry. Co. operates its business in two reporting segments: Reservoir Description, which provides services that characterize the porous reservoir rock, reservoir fluids and their derived products, such as determining the quality and measuring the quantity of the reservoir fluids and their derived products; and Production Enhancement, which provides products and diagnostic services to help improve well completions, reservoir operations and field development strategies. According to our CLB split history records, Core Laboratories has had 2 splits. | |
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Core Laboratories (CLB) has 2 splits in our CLB split history database. The first split for CLB took place on December 22, 1997. This was a 2 for 1
split, meaning for each share of CLB owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CLB's second split took place on July 09, 2010. This was a 2 for 1 split, meaning for each share of CLB owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Core Laboratories splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CLB split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Core Laboratories shares, starting with a $10,000 purchase of CLB, presented on a split-history-adjusted basis factoring in the complete CLB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$139.07 |
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| End price/share: |
$20.10 |
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| Starting shares: |
71.91 |
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| Ending shares: |
82.47 |
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| Dividends reinvested/share: |
$11.93 |
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| Total return: |
-83.42% |
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| Average Annual Total Return: |
-16.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,656.73 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$139.07 |
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| End price/share: |
$20.10 |
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| Dividends collected/share: |
$11.93 |
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| Total return: |
-76.97% |
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| Average Annual Total Return: |
-13.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,303.82 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/22/1997 | 2 for 1
| | 07/09/2010 | 2 for 1 |
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