Mexco Energy (NYSE:MXC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.

Mexco Energy Price Performance

MXC opened at $8.17 on Thursday. The company has a market capitalization of $16.72 million, a P/E ratio of 12.97 and a beta of 0.53. The firm’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $11.59. Mexco Energy has a fifty-two week low of $7.55 and a fifty-two week high of $16.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. acquired a new stake in Mexco Energy Co. (NYSE:MXC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned 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.