Mexco Energy (NYSE:MXC) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Friday. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Up 2.4 %

Shares of MXC stock opened at $13.32 on Friday. The company’s fifty day simple moving average is $10.93 and its 200-day simple moving average is $10.95. The firm has a market cap of $27.84 million, a PE ratio of 14.46 and a beta of 0.69. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 28.37% and a return on equity of 11.61%. The firm had revenue of $1.66 million for the quarter.

Insiders Place Their Bets

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.52, for a total transaction of $89,313.12. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 9,447 shares of company stock valued at $127,063. 51.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mexco Energy

Several large investors have recently modified their holdings of MXC. Dimensional Fund Advisors LP raised its position in shares of Mexco Energy by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the company’s stock valued at $666,000 after purchasing an additional 999 shares during the period. Vanguard Group Inc. raised its position in shares of Mexco Energy by 270.3% in the first quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock valued at $990,000 after purchasing an additional 44,605 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Mexco Energy by 15.2% in the first quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock valued at $308,000 after purchasing an additional 2,500 shares during the period. 5.89% of the stock is owned by institutional investors.

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.