Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Down 7.5 %

Shares of MXC stock opened at $8.40 on Wednesday. Mexco Energy has a 12-month low of $8.35 and a 12-month high of $16.52. The firm has a market cap of $17.19 million, a P/E ratio of 13.33 and a beta of 0.53. The company has a 50 day moving average of $11.18 and a 200-day moving average of $11.69.

Institutional Trading of Mexco Energy

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) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.