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

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

Mexco Energy Price Performance

Shares of Mexco Energy stock opened at $13.25 on Friday. The stock has a market capitalization of $27.69 million, a P/E ratio of 21.72 and a beta of 0.53. The business has a 50 day simple moving average of $11.97 and a two-hundred day simple moving average of $11.94. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52.

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

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new position in shares of Mexco Energy Co. (NYSE:MXC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy at the end of the most recent reporting period. 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.