Mexco Energy (NYSE:MXC) Announces Earnings Results

Mexco Energy (NYSE:MXCGet Free Report) issued its quarterly earnings data on Friday. The company reported $0.16 EPS for the quarter, reports. The firm had revenue of $1.66 million during the quarter. Mexco Energy had a net margin of 28.37% and a return on equity of 11.67%.

Mexco Energy Price Performance

MXC stock opened at $9.80 on Monday. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $15.39. The company has a market cap of $20.58 million, a P/E ratio of 10.89 and a beta of 0.72. The firm has a 50-day moving average of $9.90 and a 200 day moving average of $11.55.

Institutional Investors Weigh In On Mexco Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Mexco Energy by 270.3% in the first quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock worth $990,000 after purchasing an additional 44,605 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mexco Energy by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the company’s stock worth $666,000 after purchasing an additional 999 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Mexco Energy by 84.2% in the second quarter. Renaissance Technologies LLC now owns 35,000 shares of the company’s stock worth $602,000 after purchasing an additional 16,000 shares during the period. Hedge funds and other institutional investors own 6.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MXC. TheStreet downgraded shares of Mexco Energy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. StockNews.com began coverage on shares of Mexco Energy in a research note on Wednesday, February 7th. They issued a “hold” rating for the company.

Check Out Our Latest Stock Report on Mexco Energy

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.

See Also

Earnings History for Mexco Energy (NYSE:MXC)

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