StockNews.com began coverage on shares of Mexco Energy (NYSEAMERICAN:MXC – Get Rating) in a research report released on Tuesday. The brokerage issued a hold rating on the oil and gas exploration company’s stock.
Separately, Canaccord Genuity Group restated a speculative buy rating and set a GBX 2 ($0.02) target price on shares of Mexco Energy in a research note on Wednesday, March 22nd.
Mexco Energy Price Performance
NYSEAMERICAN:MXC opened at $11.02 on Tuesday. The business’s 50-day moving average is $5.86 and its two-hundred day moving average is $6.25. Mexco Energy has a 12 month low of $10.33 and a 12 month high of $24.18. The firm has a market capitalization of $23.68 million, a PE ratio of 5.62 and a beta of 1.13.
Mexco Energy Dividend Announcement
Institutional Trading of Mexco Energy
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Mexco Energy by 270.3% in the first quarter. Vanguard Group Inc. now owns 61,108 shares of the oil and gas exploration company’s stock worth $990,000 after purchasing an additional 44,605 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Mexco Energy by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the oil and gas exploration company’s stock worth $666,000 after purchasing an additional 999 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Mexco Energy by 84.2% in the second quarter. Renaissance Technologies LLC now owns 35,000 shares of the oil and gas exploration company’s stock worth $602,000 after purchasing an additional 16,000 shares in the last quarter. 7.97% of the stock is currently owned by institutional investors and hedge funds.
About Mexco Energy
Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm operates its oil & gas exploration in the following areas: the Delaware Basin located in the Western portion of the Permian Basin, including Lea and Eddy Counties, New Mexico, and Loving County, Texas and the Midland Basin located in the Eastern portion of the Permian Basin, including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas.
- Get a free copy of the StockNews.com research report on Mexco Energy (MXC)
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