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

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

Mexco Energy Price Performance

Shares of NYSE:MXC opened at $11.70 on Friday. The company’s fifty day moving average price is $11.77 and its 200 day moving average price is $11.95. Mexco Energy has a 12 month low of $9.41 and a 12 month high of $16.52. The firm has a market capitalization of $23.99 million, a P/E ratio of 18.57 and a beta of 0.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. acquired a new position in shares of Mexco Energy Co. (NYSE:MXC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy as of its most recent filing with the SEC. 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.