Mexco Energy (NYSE:MXC) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) 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

In other news, President Tammy Mccomic sold 6,606 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction of $89,313.12. Following the completion of the transaction, the president now directly owns 59,859 shares in the company, valued at $809,293.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 9,447 shares of company stock worth $127,063 over the last ninety days. 51.02% of the stock is owned by insiders.

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) 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.