Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXCGet Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Mexco Energy Trading Down 5.3 %

Shares of MXC opened at $11.10 on Friday. The firm has a market cap of $23.20 million, a price-to-earnings ratio of 12.33 and a beta of 0.53. The stock has a 50 day moving average of $12.35 and a 200-day moving average of $10.88. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $16.52.

Insider Activity at Mexco Energy

In related news, President Tammy Mccomic sold 6,606 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 9,447 shares of company stock worth $127,063 in the last 90 days. 51.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in shares of Mexco Energy Co. (NYSE:MXCFree Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned approximately 1.13% of Mexco Energy at the end of the most recent reporting period. 5.89% of the stock is owned by hedge funds and other institutional investors.

About Mexco Energy

(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.

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