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Adams Resources and Energy (AE) has 1 split in our AE split history database. The split for AE took place on February 10, 1992. This was a 1 for 2 reverse split, meaning for each 2 shares of AE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Adams Resources and 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 AE split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Adams Resources and Energy shares, starting with a $10,000 purchase of AE, presented on a split-history-adjusted basis factoring in the complete AE split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||5.53%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.79%|
|About Adams Resources and Energy|
|Adams Resources & Energy, through its subsidiaries, is engaged in crude oil marketing, transportation, terminaling and storage in various crude oil and natural gas basins. Co. operates in three segments: Crude Oil Marketing, which is engaged in the sale and delivery of crude oil purchased either directly from producers or from others on the open market; Transportation, which transports liquid chemicals, pressurized gases, asphalt and dry bulk on a for hire basis throughout the continental U.S., and into Canada and Mexico; and Pipeline and Storage, which consists of the operations of the subsidiaries of Co.'s subsidiary, GulfMark Energy, Inc., that constitute the VEX Pipeline System. According to our AE split history records, Adams Resources and Energy has had 1 split.|
|AE Split History Table|
|02/10/1992||1 for 2|
|Energy Stock Splits|
|AE is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|