Mexco Energy (NYSE:MXC) Research Coverage Started at StockNews.com

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

Mexco Energy Price Performance

NYSE:MXC opened at $11.55 on Friday. The company has a market cap of $23.67 million, a PE ratio of 20.25 and a beta of 0.55. Mexco Energy has a one year low of $9.41 and a one year high of $16.52. The firm’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $11.96.

Institutional Inflows and Outflows

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

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.