Investment analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.
Mexco Energy Price Performance
NYSE MXC opened at $9.55 on Wednesday. The firm has a market capitalization of $19.53 million, a PE ratio of 15.15 and a beta of 0.53. Mexco Energy has a 12 month low of $8.80 and a 12 month high of $16.52. The company’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $11.75.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. acquired a new position in shares of Mexco Energy Co. (NYSE:MXC – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned approximately 0.49% of Mexco Energy as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.
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