Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a report published on Thursday morning. The brokerage issued a hold rating on the stock.

Mexco Energy Trading Down 2.1 %

MXC opened at $11.23 on Thursday. The business has a 50 day moving average of $12.45 and a 200-day moving average of $10.86. The stock has a market capitalization of $23.47 million, a price-to-earnings ratio of 12.48 and a beta of 0.53. Mexco Energy has a 1-year low of $9.02 and a 1-year high of $16.52.

Mexco Energy Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 20th.

Insider Activity at Mexco Energy

In related news, President Tammy Mccomic sold 6,606 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction of $89,313.12. Following the transaction, the president now directly owns 59,859 shares in the company, valued at $809,293.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 9,447 shares of company stock worth $127,063. Company insiders own 51.02% of the company’s stock.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in Mexco Energy Co. (NYSE:MXC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy as of its most recent SEC filing. Institutional investors and hedge funds own 5.89% of the company’s stock.

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.