StockNews.com Initiates Coverage on Mexco Energy (NYSE:MXC)

StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a research report report published on Sunday. The firm issued a hold rating on the stock.

Mexco Energy Price Performance

MXC stock opened at $11.56 on Friday. The company has a 50 day moving average price of $11.77 and a 200 day moving average price of $11.95. Mexco Energy has a fifty-two week low of $9.41 and a fifty-two week high of $16.52. The stock has a market capitalization of $23.64 million, a PE ratio of 18.34 and a beta of 0.55.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in shares of Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned 0.49% of Mexco Energy at the end of the most recent reporting period. Institutional investors and hedge funds own 5.89% of the company’s stock.

Mexco Energy Company Profile

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.