StockNews.com Begins Coverage on Mexco Energy (NYSE:MXC)

Research analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Sunday. The firm set a “hold” rating on the stock.

Mexco Energy Stock Up 0.8 %

Shares of NYSE:MXC opened at $11.70 on Friday. The company has a market cap of $23.99 million, a price-to-earnings ratio of 18.57 and a beta of 0.55. The firm’s 50-day simple moving average is $11.77 and its 200-day simple moving average is $11.95. Mexco Energy has a fifty-two week low of $9.41 and a fifty-two week high of $16.52.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. acquired a new position in shares of Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned approximately 0.49% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is owned by institutional investors and hedge funds.

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.