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

Equities researchers at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXCGet Free Report) in a report issued on Sunday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 1.2 %

Shares of NYSE:MXC opened at $11.47 on Friday. Mexco Energy has a 52-week low of $9.41 and a 52-week high of $16.52. The stock has a market cap of $23.51 million, a P/E ratio of 18.20 and a beta of 0.55. The business has a fifty day moving average of $11.75 and a two-hundred day moving average of $11.96.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in shares of Mexco Energy Co. (NYSE:MXCFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy at the end of the most recent reporting period. 5.89% of the stock is owned by institutional investors.

Mexco Energy Company Profile

(Get Free Report)

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.

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