Mexco Energy (NYSE:MXC) Posts Quarterly Earnings Results

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

Mexco Energy Trading Down 0.0 %

Shares of MXC stock opened at $11.32 on Friday. The stock’s 50-day moving average price is $11.84 and its 200-day moving average price is $10.95. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52. The stock has a market capitalization of $23.66 million, a price-to-earnings ratio of 18.57 and a beta of 0.53.

Mexco Energy Announces Dividend

The company 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 Buying and Selling at Mexco Energy

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

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Mexco Energy in a report on Saturday, June 22nd. They set a “hold” rating for the company.

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.