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

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report sent to investors on Thursday. The firm issued a hold rating on the stock.

Mexco Energy Stock Up 2.6 %

Shares of MXC opened at $8.22 on Thursday. Mexco Energy has a twelve month low of $7.90 and a twelve month high of $16.52. The stock has a market cap of $16.82 million, a PE ratio of 13.05 and a beta of 0.53. The business’s 50-day moving average price is $10.83 and its 200-day moving average price is $11.61.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. purchased a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% 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.

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.