Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Performance

NYSE:MXC opened at $11.10 on Friday. The stock’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $10.88. The company has a market cap of $23.20 million, a P/E ratio of 12.33 and a beta of 0.53. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52.

Insiders Place Their Bets

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction of $89,313.12. Following the transaction, the president now owns 59,859 shares of the company’s stock, valued at $809,293.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 9,447 shares of company stock valued at $127,063 over the last 90 days. 51.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in Mexco Energy Co. (NYSE:MXC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy as of its most recent SEC filing. Institutional investors and hedge funds 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.