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

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report report published on Tuesday morning. The firm issued a hold rating on the stock.

Mexco Energy Stock Up 0.4 %

MXC opened at $6.43 on Tuesday. Mexco Energy has a twelve month low of $5.89 and a twelve month high of $14.11. The company’s 50-day moving average price is $7.82 and its two-hundred day moving average price is $10.41. The stock has a market cap of $13.15 million, a price-to-earnings ratio of 10.20 and a beta of 0.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. bought a new position in shares of Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned 0.49% of Mexco Energy as of its most recent SEC filing. Institutional investors 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.