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

Stock analysts at StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

Mexco Energy Price Performance

NYSE:MXC opened at $8.20 on Thursday. The firm has a 50-day moving average of $10.90 and a two-hundred day moving average of $11.63. The stock has a market cap of $16.77 million, a P/E ratio of 13.01 and a beta of 0.53. Mexco Energy has a 1-year low of $7.90 and a 1-year high of $16.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. acquired a new position in Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 SEC filing. 5.89% of the stock is owned by institutional investors and hedge funds.

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.