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Video: What is a Stock Split?
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Vitesse Energy is an independent energy compan engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the U.S. that are generally operated by oil companies and are primarily in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. According to our VTS split history records, Vitesse Energy has had 1 split. | |
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Vitesse Energy (VTS) has 1 split in our VTS split history database. The split for VTS took place on January 18, 1995. This was a 1 for 3
reverse split, meaning for each 3
shares of VTS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as Vitesse Energy 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 VTS split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Vitesse Energy shares, starting with a $10,000 purchase of VTS, presented on a split-history-adjusted basis factoring in the complete VTS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
01/10/2023 |
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End date: |
04/26/2024 |
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Start price/share: |
$17.50 |
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End price/share: |
$22.94 |
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Starting shares: |
571.43 |
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Ending shares: |
639.88 |
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Dividends reinvested/share: |
$2.50 |
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Total return: |
46.79% |
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Average Annual Total Return: |
34.64% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,678.70 |
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Years: |
1.29 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/10/2023 |
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End date: |
04/26/2024 |
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Start price/share: |
$17.50 |
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End price/share: |
$22.94 |
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Dividends collected/share: |
$2.50 |
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Total return: |
45.37% |
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Average Annual Total Return: |
33.63% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,536.77 |
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Years: |
1.29 |
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Date |
Ratio |
01/18/1995 | 1 for 3
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