 |
 Video: What is a Stock Split?
|
|
|
| Newfield Exploration is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Co.'s principal areas of operation are the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota and the Uinta Basin of Utah. In addition, Co. has oil producing assets offshore China. As of Dec 31 2017, Co. had proved reserves of 680.0 million barrels of oil equivalent, which consisted of 250.0 million barrels of oil and condensate, 1,704.00 billion cubic feet of natural gas, and 146 million barrels of natural gas liquids. According to our NFX split history records, NFX has had 3 splits. | |
|
NFX (NFX) has 3 splits in our NFX split history database. The first split for NFX took place on December 31, 1996. This was a 2 for 1
split, meaning for each share of NFX 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. NFX's second split took place on May 26, 2005. This was a 2 for 1 split, meaning for each share of NFX 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. NFX's third split took place on February 13, 2019. This was a 2671 for 1000 split, meaning for each 1000 shares of NFX owned pre-split, the shareholder now owned 2671 shares. For example, a 4000 share position pre-split, became a 10684 share position following the split.
When a company such as NFX 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 NFX split history from start to finish, an original position size of 1000 shares would have turned into 10684 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NFX shares, starting with a $10,000 purchase of NFX, presented on a split-history-adjusted basis factoring in the complete NFX split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
12/05/2014 |
|
| End date: |
02/14/2019 |
|
| Start price/share: |
$9.68 |
|
| End price/share: |
$17.07 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
76.34% |
|
| Average Annual Total Return: |
14.47% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$17,633.73 |
|
| Years: |
4.20 |
|
|
|
| Date |
Ratio |
| 12/31/1996 | 2 for 1
| | 05/26/2005 | 2 for 1 | | 02/13/2019 | 2671 for 1000 |
|
|
Free NFX Email Alerts:
