Initiates Coverage on Mexco Energy (NYSE:MXC)

Equities researchers at began coverage on shares of Mexco Energy (NYSE:MXCGet Free Report) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

Separately, TheStreet cut Mexco Energy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th.

Read Our Latest Stock Analysis on MXC

Mexco Energy Stock Down 7.6 %

MXC opened at $9.61 on Monday. The business’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $11.02. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $13.84. The stock has a market cap of $20.18 million, a PE ratio of 10.68 and a beta of 0.70.

Mexco Energy (NYSE:MXCGet Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $1.66 million during the quarter. Mexco Energy had a net margin of 28.37% and a return on equity of 11.61%.

Hedge Funds Weigh In On Mexco Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Mexco Energy by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,321 shares of the company’s stock worth $503,000 after purchasing an additional 957 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Mexco Energy by 84.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,000 shares of the company’s stock worth $602,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Mexco Energy by 270.3% in the 1st quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock worth $990,000 after purchasing an additional 44,605 shares in the last quarter. 6.59% of the stock is currently owned by institutional investors.

Mexco Energy Company Profile

(Get Free Report)

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.

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