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 Video: What is a Stock Split?
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| SM Energy Co. is an independent energy company. Co. is engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquid (NGL) in the state of Texas. Co.'s asset portfolio is comprised of assets in the Midland Basin of West Texas and in the Maverick Basin of South Texas. Co.'s Midland Basin assets are located in the Permian Basin in West Texas and are comprised of approximately 110,000 net acres and include its RockStar assets in Howard and Martin Counties, Texas, its Sweetie Peck assets in Upton and Midland Counties, and Klondike assets in Dawson and northern Martin counties (Midland Basin). According to our SM split history records, SM Energy has had 1 split. | |
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SM Energy (SM) has 1 split in our SM split history database. The split for SM took place on April 01, 2005. This was a 2 for 1 split, meaning for each share of SM 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 SM 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 SM 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 SM Energy shares, starting with a $10,000 purchase of SM, presented on a split-history-adjusted basis factoring in the complete SM split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$35.84 |
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| End price/share: |
$44.12 |
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| Starting shares: |
279.02 |
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| Ending shares: |
300.79 |
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| Dividends reinvested/share: |
$2.04 |
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| Total return: |
32.71% |
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| Average Annual Total Return: |
2.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,268.45 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$35.84 |
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| End price/share: |
$44.12 |
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| Dividends collected/share: |
$2.04 |
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| Total return: |
28.79% |
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| Average Annual Total Return: |
2.56% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,874.19 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 04/01/2005 | 2 for 1 |
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