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 Video: What is a Stock Split?
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| VAALCO Energy, Inc. is an independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote d'Ivoire, Equatorial Guinea, and Canada. It is engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. It owns a working interest in, and is the operator of, the Etame PSC related to the Etame Marin block located offshore Gabon in West Africa. The Etame Marin block covers an area of about 46,200 gross acres located 20 miles offshore in water depths of about 250 feet. It owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. According to our EGY split history records, VAALCO Energy has had 2 splits. | |
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VAALCO Energy (EGY) has 2 splits in our EGY split history database. The first split for EGY took place on June 17, 1997. This was a 5 for 4
split, meaning for each 4
shares of EGY owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. EGY's second split took place on February 19, 1998. This was a 11 for 10
split, meaning for each 10
shares of EGY owned pre-split, the shareholder now owned 11 shares. For example, a 1250 share position pre-split, became a 1375 share position following the split.
When a company such as VAALCO Energy 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 EGY split history from start to finish, an original position size of 1000 shares would have turned into 1375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VAALCO Energy shares, starting with a $10,000 purchase of EGY, presented on a split-history-adjusted basis factoring in the complete EGY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$4.55 |
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| End price/share: |
$4.83 |
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| Starting shares: |
2,197.80 |
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| Ending shares: |
2,497.73 |
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| Dividends reinvested/share: |
$0.64 |
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| Total return: |
20.64% |
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| Average Annual Total Return: |
1.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,059.74 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$4.55 |
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| End price/share: |
$4.83 |
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| Dividends collected/share: |
$0.64 |
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| Total return: |
20.13% |
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| Average Annual Total Return: |
1.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,012.47 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/17/1997 | 5 for 4
| | 02/19/1998 | 11 for 10
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