StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC – Free Report) in a research note issued to investors on Friday morning. The firm issued a hold rating on the stock.
Mexco Energy Trading Down 1.0 %
Mexco Energy stock opened at $11.61 on Friday. The company has a market capitalization of $24.29 million, a PE ratio of 12.90 and a beta of 0.53. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The stock has a 50-day moving average price of $12.35 and a two-hundred day moving average price of $10.88.
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 given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 20th.
Insider Transactions at Mexco Energy
Hedge Funds Weigh In On Mexco Energy
A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. bought a new position in Mexco Energy Co. (NYSE:MXC – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC). 5.89% of the stock is currently owned by hedge funds and other institutional investors.
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.
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