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

Stock analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXCGet Free Report) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Performance

NYSE:MXC opened at $11.60 on Wednesday. Mexco Energy has a fifty-two week low of $9.02 and a fifty-two week high of $16.52. The company has a market cap of $24.24 million, a price-to-earnings ratio of 12.89 and a beta of 0.62. The stock has a fifty day moving average price of $12.24 and a 200-day moving average price of $10.86.

Insider Transactions at Mexco Energy

In related news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction that occurred 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 transaction, the president now directly owns 59,859 shares of the company’s stock, valued at $809,293.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 9,447 shares of company stock valued at $127,063. Company insiders own 51.02% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new stake in Mexco Energy Co. (NYSE:MXCFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned approximately 1.13% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is owned by hedge funds and other institutional investors.

About Mexco Energy

(Get Free Report)

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.

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