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

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

Mexco Energy Price Performance

Shares of Mexco Energy stock opened at $11.30 on Friday. The stock has a market cap of $23.61 million, a price-to-earnings ratio of 12.55 and a beta of 0.53. The firm’s 50-day moving average is $12.13 and its 200 day moving average is $10.91. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52.

Mexco Energy Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date was Monday, May 20th.

Insider Buying and Selling at Mexco Energy

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.52, for a total transaction of $89,313.12. Following the transaction, the president now owns 59,859 shares in the company, valued at approximately $809,293.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 9,447 shares of company stock worth $127,063. Company insiders own 51.02% of the company’s stock.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new position in Mexco Energy Co. (NYSE:MXC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & 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 quarter. 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.