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

Research analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Mexco Energy Stock Performance

Mexco Energy stock opened at $6.85 on Wednesday. Mexco Energy has a one year low of $5.89 and a one year high of $14.11. The company has a market cap of $14.02 million, a P/E ratio of 10.87 and a beta of 0.38. The business has a fifty day moving average of $7.49 and a two-hundred day moving average of $10.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in shares of Mexco Energy Co. (NYSE:MXC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned approximately 0.49% of Mexco Energy at the end of the most recent reporting period. 5.89% of the stock is owned by institutional investors and hedge funds.

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.