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 Video: What is a Stock Split?
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| Crosstex Energy is engaged, through its subsidiaries, in providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids (NGL) and crude oil. Co. also provides crude oil, condensate and brine water services to producers. Co. provides a range of crude services throughout the Ohio River Valley (ORV) which include crude oil gathering via pipelines and trucks and oilfield brine disposal. Co. also has crude oil terminal facilities in south Louisiana that provide access for crude oil producers to the markets in this area. Co.'s segments are South Louisiana processing, crude and NGL; Louisiana; North Texas; and ORV. According to our XTXI split history records, XTXI has had 1 split. | |
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XTXI (XTXI) has 1 split in our XTXI split history database. The split for XTXI took place on December 18, 2006. This was a 3 for 1 split, meaning for each share of XTXI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as XTXI 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 XTXI split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into XTXI shares, starting with a $10,000 purchase of XTXI, presented on a split-history-adjusted basis factoring in the complete XTXI split history.
XTXI -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 12/18/2006 | 3 for 1 |
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