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

Investment analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Performance

Shares of MXC opened at $9.21 on Tuesday. The stock has a fifty day moving average price of $11.69 and a two-hundred day moving average price of $11.86. The company has a market cap of $18.84 million, a price-to-earnings ratio of 14.62 and a beta of 0.53. Mexco Energy has a 52-week low of $9.20 and a 52-week high of $16.52.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. bought a new stake in Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned 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.

About Mexco Energy

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.