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 Video: What is a Stock Split?
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| Murphy Oil is a holding company. Through its subsidiaries, Co. is a global oil and natural gas exploration and production company. Co. produces crude oil, natural gas and natural gas liquids primarily in the U.S. and Canada and explores for crude oil, natural gas and natural gas liquids in targeted areas worldwide. Co.'s principal exploration and production activities are conducted in the U.S. by wholly-owned Murphy Exploration & Production Company – USA and its subsidiaries, in Canada by wholly-owned Murphy Oil Company Ltd. and its subsidiaries, and in Australia, Brazil, Brunei, Mexico and Vietnam by wholly-owned Murphy Exploration & Production Company – International and its subsidiaries. According to our MUR split history records, Murphy Oil has had 3 splits. | |
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Murphy Oil (MUR) has 3 splits in our MUR split history database. The first split for MUR took place on December 31, 2002. This was a 2 for 1 split, meaning for each share of MUR 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. MUR's second split took place on June 06, 2005. This was a 2 for 1 split, meaning for each share of MUR 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. MUR's third split took place on September 03, 2013. This was a 1158 for 1000 split, meaning for each 1000 shares of MUR owned pre-split, the shareholder now owned 1158 shares. For example, a 4000 share position pre-split, became a 4632 share position following the split.
When a company such as Murphy Oil 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 MUR split history from start to finish, an original position size of 1000 shares would have turned into 4632 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Murphy Oil shares, starting with a $10,000 purchase of MUR, presented on a split-history-adjusted basis factoring in the complete MUR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$55.09 |
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| End price/share: |
$34.50 |
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| Starting shares: |
181.52 |
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| Ending shares: |
253.67 |
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| Dividends reinvested/share: |
$10.00 |
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| Total return: |
-12.48% |
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| Average Annual Total Return: |
-1.33% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,747.16 |
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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: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$55.09 |
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| End price/share: |
$34.50 |
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| Dividends collected/share: |
$10.00 |
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| Total return: |
-19.21% |
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| Average Annual Total Return: |
-2.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,079.95 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/31/2002 | 2 for 1 | | 06/06/2005 | 2 for 1 | | 09/03/2013 | 1158 for 1000 |
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