StockNews.com Initiates Coverage on Mexco Energy (NYSE:MXC)

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a research report report published on Wednesday morning. The firm issued a hold rating on the stock.

Mexco Energy Stock Performance

Mexco Energy stock opened at $9.79 on Wednesday. The business’s 50-day simple moving average is $11.33 and its 200-day simple moving average is $11.73. The firm has a market capitalization of $20.03 million, a PE ratio of 15.54 and a beta of 0.53. Mexco Energy has a 52 week low of $8.80 and a 52 week high of $16.52.

Institutional Investors Weigh In On Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. bought a new position in shares of Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.