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

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

Mexco Energy Stock Performance

Shares of NYSE:MXC opened at $6.43 on Tuesday. The firm has a market capitalization of $13.15 million, a PE ratio of 10.20 and a beta of 0.38. Mexco Energy has a 52-week low of $5.89 and a 52-week high of $14.11. The firm has a fifty day moving average of $7.82 and a 200 day moving average of $10.41.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. bought a new position in Mexco Energy Co. (NYSE:MXC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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. Institutional investors and hedge funds own 5.89% of the company’s stock.

Mexco Energy Company Profile

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.