Mexco Energy (NYSE:MXC) Receives New Coverage from Analysts at StockNews.com

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

Mexco Energy Trading Up 2.4 %

NYSE MXC opened at $13.32 on Friday. The company has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $10.95. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52. The company has a market cap of $27.84 million, a P/E ratio of 14.46 and a beta of 0.69.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 28.37% and a return on equity of 11.61%. The business had revenue of $1.66 million during the quarter.

Insider Activity at Mexco Energy

In related news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.52, for a total value of $89,313.12. Following the completion of the sale, the president now owns 59,859 shares of the company’s stock, valued at approximately $809,293.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 9,447 shares of company stock valued at $127,063. 51.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mexco Energy

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Mexco Energy by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,321 shares of the company’s stock worth $503,000 after acquiring an additional 957 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Mexco Energy by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock worth $308,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Mexco Energy by 270.3% during the 1st quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock worth $990,000 after acquiring an additional 44,605 shares during the last 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.