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

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXCFree Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Up 0.0 %

NYSE:MXC opened at $11.95 on Tuesday. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52. The business has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $10.86. The company has a market cap of $24.99 million, a P/E ratio of 13.27 and a beta of 0.62.

Mexco Energy Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 20th.

Insider Transactions at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of the company’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 sale, the president now owns 59,859 shares in the company, valued at approximately $809,293.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 9,447 shares of company stock worth $127,063 in the last 90 days. Corporate insiders own 51.02% of the company’s stock.

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 stake in Mexco Energy Co. (NYSE:MXCFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is owned by institutional investors.

Mexco Energy Company Profile

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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.

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