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

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

Mexco Energy Trading Down 0.6 %

NYSE:MXC opened at $8.17 on Thursday. The stock has a market capitalization of $16.72 million, a PE ratio of 12.97 and a beta of 0.53. Mexco Energy has a 1-year low of $7.55 and a 1-year high of $16.52. The firm has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $11.59.

Institutional Investors Weigh In On Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. acquired a new stake in Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy as of its most recent SEC filing. Institutional investors own 5.89% of the company’s stock.

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.