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

StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.

Mexco Energy Trading Down 8.0 %

Shares of MXC opened at $12.43 on Thursday. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The stock has a fifty day moving average price of $11.75 and a 200-day moving average price of $11.80. The firm has a market cap of $25.98 million, a PE ratio of 20.38 and a beta of 0.53.

Mexco Energy (NYSE:MXC) last released its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (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 for the quarter.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in Mexco Energy Co. (NYSE:MXC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Institutional investors and hedge funds own 5.89% of the company’s stock.

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.