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 Video: What is a Stock Split?
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| CNX Resources is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. Co.'s operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, Co. operates and develops coal bed methane properties in Virginia. According to our CNX split history records, CNX Resources has had 2 splits. | |
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CNX Resources (CNX) has 2 splits in our CNX split history database. The first split for CNX took place on June 01, 2006. This was a 2 for 1 split, meaning for each share of CNX 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. CNX's second split took place on November 29, 2017. This was a 6 for 5 split, meaning for each 5 shares of CNX owned pre-split, the shareholder now owned 6 shares. For example, a 2000 share position pre-split, became a 2400 share position following the split.
When a company such as CNX Resources 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 CNX split history from start to finish, an original position size of 1000 shares would have turned into 2400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CNX Resources shares, starting with a $10,000 purchase of CNX, presented on a split-history-adjusted basis factoring in the complete CNX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$32.36 |
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| End price/share: |
$27.34 |
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| Starting shares: |
309.02 |
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| Ending shares: |
311.74 |
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| Dividends reinvested/share: |
$0.18 |
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| Total return: |
-14.77% |
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| Average Annual Total Return: |
-1.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,519.07 |
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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: |
09/16/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$32.36 |
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| End price/share: |
$27.34 |
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| Dividends collected/share: |
$0.18 |
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| Total return: |
-14.95% |
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| Average Annual Total Return: |
-1.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,501.77 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/01/2006 | 2 for 1 | | 11/29/2017 | 6 for 5 |
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