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

Equities researchers at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Performance

MXC stock opened at $9.21 on Tuesday. The stock has a market cap of $18.84 million, a P/E ratio of 14.62 and a beta of 0.53. The firm has a 50 day simple moving average of $11.69 and a 200 day simple moving average of $11.86. Mexco Energy has a 52 week low of $9.20 and a 52 week high of $16.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. bought a new position in shares of Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 quarter. 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.