Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research note released on Monday morning. The firm issued a hold rating on the stock.

Mexco Energy Trading Up 2.5 %

Shares of NYSE MXC opened at $11.74 on Monday. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The firm has a market capitalization of $24.54 million, a price-to-earnings ratio of 19.25 and a beta of 0.54. The business has a 50-day moving average of $11.69 and a 200-day moving average of $11.05.

Mexco Energy (NYSE:MXC) last issued its earnings results on Thursday, June 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $1.79 million during the quarter. Mexco Energy had a return on equity of 7.76% and a net margin of 20.37%.

Mexco Energy Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 20th.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 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.