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 Video: What is a Stock Split?
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| Oiltanking Partners engages in the independent terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. Through its wholly owned subsidiaries, Oiltanking Houston, L.P. and Oiltanking Beaumont Partners, L.P., Co. owns and operates terminaling and storage assets located along the U.S. Gulf Coast on the Houston Ship Channel and in Beaumont, TX. Co. provides services to integrated oil companies, distributors, marketers and chemical and petrochemical companies, typically under long-term commercial agreements that include minimum volume commitments and inflation escalators. According to our OILT split history records, Texas Capital Funds Trust Texas Capital Texas Oil has had 1 split. | |
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Texas Capital Funds Trust Texas Capital Texas Oil (OILT) has 1 split in our OILT split history database. The split for OILT took place on July 15, 2014. This was a 2 for 1 split, meaning for each share of OILT 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.
When a company such as Texas Capital Funds Trust Texas Capital Texas 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 OILT split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Texas Capital Funds Trust Texas Capital Texas Oil shares, starting with a $10,000 purchase of OILT, presented on a split-history-adjusted basis factoring in the complete OILT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/21/2023 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$24.96 |
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| End price/share: |
$26.85 |
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| Starting shares: |
400.61 |
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| Ending shares: |
410.84 |
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| Dividends reinvested/share: |
$0.65 |
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| Total return: |
10.32% |
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| Average Annual Total Return: |
9.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,032.41 |
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| Years: |
1.07 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/21/2023 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$24.96 |
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| End price/share: |
$26.85 |
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| Dividends collected/share: |
$0.65 |
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| Total return: |
10.16% |
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| Average Annual Total Return: |
9.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,015.11 |
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| Years: |
1.07 |
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| Date |
Ratio |
| 07/15/2014 | 2 for 1 |
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