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

Research analysts at StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 0.4 %

Shares of MXC opened at $8.94 on Tuesday. Mexco Energy has a twelve month low of $8.88 and a twelve month high of $16.52. The stock has a market cap of $18.30 million, a PE ratio of 14.20 and a beta of 0.53. The business’s 50-day moving average price is $11.60 and its 200-day moving average price is $11.82.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. acquired a new position in Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter. Hedge funds and other institutional investors 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.