Mexco Energy (NYSE:MXC) Shares Up 3% – Here’s What Happened

Mexco Energy Co. (NYSE:MXC)’s stock price shot up 3% during mid-day trading on Friday . The company traded as high as $8.99 and last traded at $8.99. 4,989 shares traded hands during trading, a decline of 70% from the average session volume of 16,527 shares. The stock had previously closed at $8.73.

Mexco Energy Price Performance

The stock has a 50 day moving average price of $8.31 and a 200-day moving average price of $8.15. The stock has a market capitalization of $18.39 million, a P/E ratio of 14.27 and a beta of 0.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mexco Energy stock. Beddow Capital Management Inc. lifted its position in shares of Mexco Energy Co. (NYSE:MXC) by 68.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,344 shares of the company’s stock after purchasing an additional 8,300 shares during the period. Beddow Capital Management Inc. owned 0.99% of Mexco Energy worth $180,000 as of its most recent SEC filing. 5.89% of the stock is currently owned by institutional investors.

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.