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

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

Mexco Energy Stock Performance

Shares of NYSE MXC opened at $6.51 on Monday. The business has a 50 day simple moving average of $8.50 and a 200 day simple moving average of $10.68. Mexco Energy has a 52 week low of $5.89 and a 52 week high of $14.11. The stock has a market cap of $13.32 million, a price-to-earnings ratio of 10.33 and a beta of 0.36.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. bought a new stake in shares of Mexco Energy Co. (NYSE:MXC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. Institutional investors own 5.89% of the company’s stock.

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.