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 Video: What is a Stock Split?
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| Mexco Energy Corporation is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties primarily in the Permian Basin. It acquires interests in producing and non-producing oil and gas leases from landowners and leaseholders. It is focused on two primary areas: the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Reeves and Loving Counties, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard and Glasscock Counties, Texas. According to our MXC split history records, Mexco Energy has had 1 split. | |
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Mexco Energy (MXC) has 1 split in our MXC split history database. The split for MXC took place on November 28, 2000. This was a 3 for 2 split, meaning for each 2 shares of MXC 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.
When a company such as Mexco 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 MXC split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mexco Energy shares, starting with a $10,000 purchase of MXC, presented on a split-history-adjusted basis factoring in the complete MXC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/16/2015 |
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| End date: |
06/13/2025 |
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| Start price/share: |
$4.54 |
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| End price/share: |
$11.91 |
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| Starting shares: |
2,202.64 |
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| Ending shares: |
2,252.91 |
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| Dividends reinvested/share: |
$0.20 |
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| Total return: |
168.32% |
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| Average Annual Total Return: |
10.37% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,823.19 |
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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: |
06/16/2015 |
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| End date: |
06/13/2025 |
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| Start price/share: |
$4.54 |
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| End price/share: |
$11.91 |
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| Dividends collected/share: |
$0.20 |
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| Total return: |
166.74% |
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| Average Annual Total Return: |
10.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,677.73 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/28/2000 | 3 for 2 |
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