Mexco Energy (NYSE:MXC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research report sent to investors on Monday. The brokerage issued a hold rating on the stock.

Mexco Energy Price Performance

MXC opened at $11.78 on Monday. Mexco Energy has a 1-year low of $9.02 and a 1-year high of $16.52. The stock has a market cap of $24.62 million, a P/E ratio of 19.31 and a beta of 0.54. The stock’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $11.55.

Mexco Energy (NYSE:MXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.73 million during the quarter. Mexco Energy had a return on equity of 6.70% and a net margin of 17.77%.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy at the end of the most recent quarter. Hedge funds and other institutional investors own 5.89% of the company’s stock.

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.