Mexco Energy (NYSE:MXC) Trading Up 0.7% – What’s Next?

Mexco Energy Co. (NYSE:MXC)’s share price was up 0.7% during trading on Thursday . The stock traded as high as $9.24 and last traded at $8.82. Approximately 18,288 shares traded hands during trading, a decline of 37% from the average daily volume of 29,049 shares. The stock had previously closed at $8.76.

Mexco Energy Stock Up 2.0%

The company has a market capitalization of $18.27 million, a price-to-earnings ratio of 14.18 and a beta of 0.37. The company has a 50-day moving average price of $9.87 and a 200-day moving average price of $10.08.

Insider Activity

In other news, Director Thomas H. Decker sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $14.07, for a total value of $70,350.00. Following the sale, the director directly owned 18,400 shares of the company’s stock, valued at approximately $258,888. This trade represents a 21.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 55.09% of the company’s stock.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Corient Private Wealth LLC bought a new stake in Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,600 shares of the company’s stock, valued at approximately $145,000. Corient Private Wealth LLC owned 0.71% of Mexco Energy as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 5.89% of the company’s stock.

Mexco Energy Company Profile

Mexco Energy Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on identifying and developing onshore unconventional and conventional reservoirs to optimize hydrocarbon recovery and maintain a balanced portfolio of production assets. Its operations encompass both drilling new wells and acquiring producing properties to support steady production growth.

Mexco’s core assets are concentrated in key Texas basins, including the Fort Worth Basin—home to Barnett Shale formations—and select positions in the Permian Basin.