When a company such as Mexco 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 MXC split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mexco Energy shares, starting with a $10,000 purchase of MXC, presented on a split-history-adjusted basis factoring in the complete MXC split history.

About Mexco Energy

Mexco Energy and its wholly owned subsidiaries, Forman Energy Corporation, Southwest Texas Disposal Corporation and TBO Oil & Gas, LLC, are engaged in the exploration, development and production of crude oil, natural gas, condensate and natural gas liquids. Most of Co.'s oil and gas interests are centered in West Texas and Southeastern New Mexico; however, Co. owns producing properties and undeveloped acreage in 14 states. All of Co.'s oil and gas interests are operated by others. According to our MXC split history records, Mexco Energy has had 1 split.

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