StockNews.com Begins Coverage on Mexco Energy (NYSE:MXC)

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

Mexco Energy Price Performance

NYSE MXC opened at $11.47 on Friday. The stock has a market capitalization of $23.51 million, a P/E ratio of 18.20 and a beta of 0.55. The firm’s 50-day moving average is $11.75 and its two-hundred day moving average is $11.96. Mexco Energy has a 12 month low of $9.41 and a 12 month high of $16.52.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in shares of Mexco Energy Co. (NYSE:MXC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned 0.49% 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.