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Video: What is a Stock Split?
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Riley Exploration Permian is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and natural gas liquids in Texas and New Mexico. Co.'s activities primarily target the horizontal development of the San Andres formation, a shelf margin deposit on the Northwest Shelf of the Permian Basin. Co.'s acreage is primarily located on a contiguous blocks in Yoakum County, TX with additional acreage located in Lea and Roosevelt Counties, NM. Co.'s acreage in Yoakum County offsets Permian Basin San Andres fields, including the Wasson and Brahaney Fields, from the San Andres Formation. According to our REPX split history records, Riley Exploration Permian has had 1 split. | |
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Riley Exploration Permian (REPX) has 1 split in our REPX split history database. The split for REPX took place on March 01, 2021. This was a 1 for 12 reverse split, meaning for each 12 shares of REPX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as Riley Exploration Permian conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the REPX split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Riley Exploration Permian shares, starting with a $10,000 purchase of REPX, presented on a split-history-adjusted basis factoring in the complete REPX split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$6.12 |
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End price/share: |
$32.35 |
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Starting shares: |
1,633.99 |
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Ending shares: |
1,879.88 |
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Dividends reinvested/share: |
$3.88 |
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Total return: |
508.14% |
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Average Annual Total Return: |
19.79% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$60,812.21 |
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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: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$6.12 |
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End price/share: |
$32.35 |
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Dividends collected/share: |
$3.88 |
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Total return: |
491.99% |
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Average Annual Total Return: |
19.47% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$59,207.53 |
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Years: |
10.00 |
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Date |
Ratio |
03/01/2021 | 1 for 12 |
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