Mexco Energy (NYSE:MXC) Trading 3.1% Higher – Should You Buy?

Mexco Energy Co. (NYSE:MXC) shares traded up 3.1% on Monday . The stock traded as high as $9.22 and last traded at $9.0650. 8,939 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 23,803 shares. The stock had previously closed at $8.79.

Mexco Energy Price Performance

The firm has a market cap of $19.05 million, a price-to-earnings ratio of 14.78 and a beta of 0.33. The firm’s 50 day moving average price is $8.46 and its 200-day moving average price is $9.77.

Mexco Energy Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.10 per share. The ex-dividend date was Monday, June 15th. This represents a dividend yield of 127.0%. Mexco Energy’s payout ratio is currently 15.87%.

Institutional Trading of Mexco Energy

A hedge fund recently raised its position in Mexco Energy stock. Beddow Capital Management Inc. grew its stake in Mexco Energy Co. (NYSE:MXC) by 52.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,295 shares of the company’s stock after purchasing an additional 21,434 shares during the period. Beddow Capital Management Inc. owned approximately 3.04% of Mexco Energy worth $617,000 as of its most recent filing with the Securities and Exchange Commission. 5.89% of the stock is owned by institutional investors.

Mexco Energy Company Profile

Mexco Energy Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on identifying and developing onshore unconventional and conventional reservoirs to optimize hydrocarbon recovery and maintain a balanced portfolio of production assets. Its operations encompass both drilling new wells and acquiring producing properties to support steady production growth.

Mexco’s core assets are concentrated in key Texas basins, including the Fort Worth Basin—home to Barnett Shale formations—and select positions in the Permian Basin.