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 Video: What is a Stock Split?
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| HollyFrontier is a petroleum refiner that produces products such as gasoline, diesel fuel, jet fuel, other lubricant products, and specialty and modified asphalt. Co.'s segments are: Refining, which involves the purchase and refining of crude oil and wholesale and marketing of refined products; Lubricants and Specialty Products, which includes the production of lubricant products such as base oils, white oils, other products and finished lubricants; and Co.'s subsidiary, Holly Energy Partners, L.P., which owns and operates logistics and refinery assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and processing units. According to our HFC split history records, HFC has had 3 splits. | |
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HFC (HFC) has 3 splits in our HFC split history database. The first split for HFC took place on September 01, 2011. This was a 2 for 1 split, meaning for each share of HFC 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. HFC's second split took place on August 22, 2013. HFC's third split took place on December 23, 1985. This was a 2 for 1 split, meaning for each share of HFC 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 HFC 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 HFC 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 HFC shares, starting with a $10,000 purchase of HFC, presented on a split-history-adjusted basis factoring in the complete HFC 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: |
03/14/2022 |
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| Start price/share: |
$37.79 |
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| End price/share: |
$36.39 |
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| Starting shares: |
264.62 |
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| Ending shares: |
331.77 |
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| Dividends reinvested/share: |
$8.36 |
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| Total return: |
20.73% |
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| Average Annual Total Return: |
2.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,073.24 |
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| Years: |
7.26 |
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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: |
03/14/2022 |
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| Start price/share: |
$37.79 |
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| End price/share: |
$36.39 |
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| Dividends collected/share: |
$8.36 |
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| Total return: |
18.42% |
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| Average Annual Total Return: |
2.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,844.61 |
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| Years: |
7.26 |
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| Date |
Ratio |
| 09/01/2011 | 2 for 1 | | 08/22/2013 | 1 for 1 | | 12/23/1985 | 2 for 1 |
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