Mexco Energy (NYSE:MXC) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXCGet Free Report) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

Mexco Energy Trading Up 1.6 %

MXC stock opened at $11.30 on Friday. The company has a market capitalization of $23.62 million, a P/E ratio of 12.55 and a beta of 0.53. The firm has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $10.91. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52.

Insider Activity at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total value of $89,313.12. Following the completion of the transaction, the president now owns 59,859 shares in the company, valued at approximately $809,293.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 9,447 shares of company stock valued at $127,063 over the last three months. 51.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new position in shares of Mexco Energy Co. (NYSE:MXCFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

Mexco Energy Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Mexco Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexco Energy and related companies with MarketBeat.com's FREE daily email newsletter.