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

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Up 2.5 %

Shares of Mexco Energy stock opened at $9.79 on Wednesday. The stock has a market cap of $20.03 million, a PE ratio of 15.54 and a beta of 0.53. The business has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.73. Mexco Energy has a 12 month low of $8.80 and a 12 month high of $16.52.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. acquired a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.