Mexco Energy (NYSE:MXC) Now Covered by Analysts at started coverage on shares of Mexco Energy (NYSE:MXCFree Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

Mexco Energy Stock Down 3.4 %

Shares of NYSE MXC opened at $11.47 on Thursday. The company’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $10.86. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52. The firm has a market cap of $23.98 million, a price-to-earnings ratio of 13.19 and a beta of 0.53.

Mexco Energy Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a $0.10 dividend. The ex-dividend date was Monday, May 20th.

Insider Transactions at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 9,447 shares of company stock valued at $127,063. Corporate insiders own 51.02% of the company’s stock.

Hedge Funds Weigh In On Mexco Energy

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

About Mexco Energy

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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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