StockNews.com Initiates Coverage on Mexco Energy (NYSE:MXC)

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Trading Down 1.3 %

Shares of NYSE MXC opened at $9.67 on Wednesday. The stock has a market capitalization of $19.77 million, a PE ratio of 15.34 and a beta of 0.53. The stock’s fifty day simple moving average is $11.26 and its two-hundred day simple moving average is $11.72. Mexco Energy has a 12-month low of $8.80 and a 12-month 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. acquired a new position in Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned approximately 0.49% of Mexco Energy at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.89% of the company’s stock.

About Mexco Energy

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.