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 published on Wednesday morning. The firm issued a hold rating on the stock.

Mexco Energy Trading Down 7.5 %

NYSE MXC opened at $8.40 on Wednesday. Mexco Energy has a 1-year low of $8.35 and a 1-year high of $16.52. The company has a 50 day moving average of $11.18 and a 200-day moving average of $11.69. The company has a market cap of $17.19 million, a price-to-earnings ratio of 13.33 and a beta of 0.53.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. purchased a new stake in shares of Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy at the end of the most recent quarter. 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.