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 Video: What is a Stock Split?
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| PHX Minerals Inc. is focused on perpetual natural gas and oil mineral ownership in resource plays in the U.S.. Co. owns interests in leasehold acreage and non-operated working interests in natural gas and oil properties. Its principal properties consisted of perpetual ownership of 240,651 net mineral acres, held principally in Oklahoma, Texas, Louisiana, North Dakota and Arkansas; leases on 13,293 net acres primarily in Oklahoma, and working interests, royalty interests or both in 6,773 producing natural gas and oil wells and 168 wells in the process of being drilled or completed. According to our PHX split history records, PHX Minerals has had 3 splits. | |
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PHX Minerals (PHX) has 3 splits in our PHX split history database. The first split for PHX took place on April 16, 2004. This was a 2 for 1 split, meaning for each share of PHX 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. PHX's second split took place on January 10, 2006. This was a 2 for 1 split, meaning for each share of PHX 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. PHX's third split took place on October 09, 2014. This was a 2 for 1 split, meaning for each share of PHX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as PHX Minerals 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 PHX split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PHX Minerals shares, starting with a $10,000 purchase of PHX, presented on a split-history-adjusted basis factoring in the complete PHX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/21/2015 |
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| End date: |
05/19/2025 |
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| Start price/share: |
$21.42 |
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| End price/share: |
$4.33 |
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| Starting shares: |
466.85 |
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| Ending shares: |
560.50 |
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| Dividends reinvested/share: |
$1.22 |
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| Total return: |
-75.73% |
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| Average Annual Total Return: |
-13.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,426.77 |
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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: |
05/21/2015 |
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| End date: |
05/19/2025 |
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| Start price/share: |
$21.42 |
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| End price/share: |
$4.33 |
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| Dividends collected/share: |
$1.22 |
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| Total return: |
-74.07% |
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| Average Annual Total Return: |
-12.62% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,593.94 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/16/2004 | 2 for 1 | | 01/10/2006 | 2 for 1 | | 10/09/2014 | 2 for 1 |
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