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

Analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 0.6 %

Shares of MXC stock opened at $8.17 on Thursday. The firm has a fifty day moving average of $10.75 and a 200-day moving average of $11.59. The firm has a market capitalization of $16.72 million, a price-to-earnings ratio of 12.97 and a beta of 0.53. Mexco Energy has a 12-month low of $7.55 and a 12-month high of $16.52.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. acquired a new stake in Mexco Energy Co. (NYSE:MXC) during the 4th quarter, according to its most recent disclosure with the SEC. 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. Institutional investors and hedge funds 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.