Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com

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

Mexco Energy Stock Performance

NYSE MXC opened at $11.55 on Friday. Mexco Energy has a twelve month low of $9.41 and a twelve month high of $16.52. The stock has a market capitalization of $23.67 million, a PE ratio of 20.25 and a beta of 0.55. The stock has a 50-day simple moving average of $11.73 and a 200 day simple moving average of $11.93.

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 stake in Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 SEC filing. 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.