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

Investment analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Performance

Mexco Energy stock opened at $11.96 on Wednesday. The company has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.67. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $16.52. The firm has a market capitalization of $24.99 million, a price-to-earnings ratio of 19.60 and a beta of 0.53.

Mexco Energy (NYSE:MXC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $1.73 million for the quarter. Mexco Energy had a return on equity of 6.70% and a net margin of 17.77%.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new position in Mexco Energy Co. (NYSE:MXC) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 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

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.