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

Research analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

Mexco Energy Stock Up 0.4 %

Shares of MXC stock opened at $7.42 on Friday. The business’s fifty day moving average is $10.28 and its 200 day moving average is $11.45. The stock has a market cap of $15.18 million, a price-to-earnings ratio of 11.78 and a beta of 0.36. Mexco Energy has a twelve month low of $6.80 and a twelve month high of $16.52.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period. 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.