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 Video: What is a Stock Split?
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| Ecopetrol is a vertically integrated oil and gas company with a presence primarily in Colombia and with activities in the U.S., Brazil and Mexico. Co. operates in the following business segments: Exploration and Production, which includes exploration, development and production activities in Colombia and abroad; Transport and Logistics, which includes the transportation of crude oil, motor fuels, fuel oil and other refined products including diesel, jet and biofuels; and Refining, Petrochemical, and Biofuels, which includes its Barrancabermeja refinery and Cartagena refinery, as well as its investments in a biofuel company, Ecodiesel Colombia S.A. According to our EC split history records, Ecopetrol SA has had 4 splits. | |
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Ecopetrol SA (EC) has 4 splits in our EC split history database. The first split for EC took place on April 01, 1987. This was a 3 for 2
split, meaning for each 2
shares of EC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. EC's second split took place on September 30, 1992. This was a 3 for 2
split, meaning for each 2
shares of EC owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. EC's third split took place on September 30, 1993. This was a 3 for 2
split, meaning for each 2
shares of EC owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. EC's 4th split took place on July 03, 1995. This was a 3 for 2
split, meaning for each 2
shares of EC owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as Ecopetrol SA 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 EC split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ecopetrol SA shares, starting with a $10,000 purchase of EC, presented on a split-history-adjusted basis factoring in the complete EC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$46.83 |
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| End price/share: |
$12.55 |
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| Starting shares: |
213.54 |
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| Ending shares: |
399.13 |
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| Dividends reinvested/share: |
$10.62 |
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| Total return: |
-49.91% |
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| Average Annual Total Return: |
-6.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,009.91 |
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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: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$46.83 |
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| End price/share: |
$12.55 |
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| Dividends collected/share: |
$10.62 |
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| Total return: |
-50.51% |
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| Average Annual Total Return: |
-6.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,951.18 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/01/1987 | 3 for 2
| | 09/30/1992 | 3 for 2
| | 09/30/1993 | 3 for 2
| | 07/03/1995 | 3 for 2
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