Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a report issued on Tuesday. The firm issued a hold rating on the stock.

Mexco Energy Price Performance

Shares of NYSE:MXC opened at $9.13 on Tuesday. The firm has a market capitalization of $18.68 million, a PE ratio of 14.49 and a beta of 0.53. The business has a 50 day simple moving average of $11.55 and a two-hundred day simple moving average of $11.80. Mexco Energy has a 1 year low of $8.88 and a 1 year high of $16.52.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is owned by institutional investors.

Mexco Energy Company Profile

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio.