Mexco Energy (NYSE:MXC) Now Covered by Analysts at StockNews.com

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

Mexco Energy Stock Down 0.1 %

Shares of MXC stock opened at $11.32 on Friday. The business has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $10.96. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52. The firm has a market cap of $23.66 million, a P/E ratio of 18.56 and a beta of 0.53.

Mexco Energy (NYSE:MXC) last released its earnings results on Thursday, June 27th. The company reported $0.12 earnings per share for the quarter. Mexco Energy had a return on equity of 7.80% and a net margin of 20.37%. The company had revenue of $1.79 million during the quarter.

Mexco Energy Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 20th.

Insiders Place Their Bets

In other news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total value of $89,313.12. Following the transaction, the president now owns 59,859 shares in the company, valued at $809,293.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 9,447 shares of company stock valued at $127,063 over the last three months. Insiders own 51.02% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. 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.