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

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

Mexco Energy Stock Down 4.1 %

Shares of MXC stock opened at $10.17 on Monday. The stock has a fifty day moving average of $11.76 and a 200 day moving average of $11.92. Mexco Energy has a 52 week low of $9.41 and a 52 week high of $16.52. The firm has a market capitalization of $20.81 million, a price-to-earnings ratio of 16.14 and a beta of 0.55.

Hedge Funds Weigh In On Mexco Energy

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