Dimensional Fund Advisors LP Sells 970 Shares of Mexco Energy Co. (NYSE:MXC)

Dimensional Fund Advisors LP lessened its position in Mexco Energy Co. (NYSE:MXC) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,929 shares of the company’s stock after selling 970 shares during the period. Dimensional Fund Advisors LP owned about 1.86% of Mexco Energy worth $441,000 as of its most recent SEC filing.

Separately, Meixler Investment Management Ltd. purchased a new stake in Mexco Energy in the first quarter worth approximately $236,000. 5.89% of the stock is currently owned by institutional investors and hedge funds.

Mexco Energy Stock Performance

Shares of NYSE:MXC opened at $13.55 on Monday. The stock’s 50-day simple moving average is $12.17 and its two-hundred day simple moving average is $12.02. The stock has a market capitalization of $28.32 million, a price-to-earnings ratio of 25.08 and a beta of 0.53. Mexco Energy Co. has a 52-week low of $9.02 and a 52-week high of $16.52.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 17.77% and a return on equity of 6.70%. The company had revenue of $1.73 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Mexco Energy in a research note on Saturday, October 5th. They set a “hold” rating for the company.

Mexco Energy 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.