StockNews.com Begins Coverage on Mexco Energy (NYSE:MXC)

Investment analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Mexco Energy Price Performance

Shares of Mexco Energy stock opened at $11.32 on Friday. The firm has a fifty day moving average price of $11.84 and a 200 day moving average price of $10.95. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52. The stock has a market cap of $23.66 million, a PE ratio of 18.56 and a beta of 0.53.

Mexco Energy (NYSE:MXC) last issued its earnings results on Thursday, June 27th. The company reported $0.12 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 20.37% and a return on equity of 7.80%. The firm had revenue of $1.79 million during the quarter.

Insider Buying and Selling at Mexco Energy

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.52, for a total value of $89,313.12. Following the completion of the transaction, the president now owns 59,859 shares of the company’s stock, valued at $809,293.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 9,447 shares of company stock valued at $127,063. Corporate insiders own 51.02% of the company’s stock.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in Mexco Energy Co. (NYSE:MXC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy as of its most recent SEC filing. 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.