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

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

Mexco Energy Stock Down 0.6 %

Mexco Energy stock opened at $8.17 on Thursday. The firm has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $11.59. Mexco Energy has a 52-week low of $7.55 and a 52-week high of $16.52. The firm has a market capitalization of $16.72 million, a price-to-earnings ratio of 12.97 and a beta of 0.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. bought a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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. 5.89% of the stock is currently owned by institutional investors and hedge funds.

About Mexco Energy

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.