Mexco Energy (NYSE:MXC) Shares Up 3% – Still a Buy?

Mexco Energy Co. (NYSE:MXC)’s stock price shot up 3% on Tuesday . The stock traded as high as $9.54 and last traded at $9.75. 4,947 shares changed hands during trading, a decline of 78% from the average session volume of 22,602 shares. The stock had previously closed at $9.47.

Mexco Energy Price Performance

The stock’s 50-day simple moving average is $8.50 and its two-hundred day simple moving average is $9.63. The firm has a market capitalization of $19.95 million, a P/E ratio of 15.48 and a beta of 0.33.

Mexco Energy Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a yield of 127.0%. Mexco Energy’s dividend payout ratio is currently 15.87%.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Corient Private Wealth LLC acquired a new position in Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 SEC filing. 5.89% of the stock is owned by institutional investors and hedge funds.

About Mexco Energy

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.