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

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

Mexco Energy Trading Down 1.3 %

MXC opened at $13.23 on Friday. The company’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $9.49. Mexco Energy has a 1-year low of $10.30 and a 1-year high of $19.39. The company has a market cap of $28.13 million, a price-to-earnings ratio of 7.64 and a beta of 1.19.

Mexco Energy (NYSE:MXC) last posted its earnings results on Thursday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 43.26% and a return on equity of 23.66%. The firm had revenue of $1.75 million during the quarter.

Hedge Funds Weigh In On Mexco Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Mexco Energy by 270.3% in the first quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock valued at $990,000 after acquiring an additional 44,605 shares during the period. Dimensional Fund Advisors LP lifted its position in Mexco Energy by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the company’s stock valued at $666,000 after purchasing an additional 999 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Mexco Energy by 84.2% during the second quarter. Renaissance Technologies LLC now owns 35,000 shares of the company’s stock valued at $602,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors own 6.59% of the company’s stock.

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.