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

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

Mexco Energy Price Performance

Shares of Mexco Energy stock opened at $8.94 on Tuesday. The firm has a market cap of $18.30 million, a price-to-earnings ratio of 14.20 and a beta of 0.53. The stock has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $11.82. Mexco Energy has a 52-week low of $8.88 and a 52-week high of $16.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. acquired a new position in Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 institutional investors.

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.