Mexco Energy (NYSE:MXC) Stock Price Down 2.9% – What’s Next?

Shares of Mexco Energy Co. (NYSE:MXC) fell 2.9% during mid-day trading on Monday . The stock traded as low as $8.87 and last traded at $8.92. 1,349 shares changed hands during trading, a decline of 91% from the average session volume of 15,532 shares. The stock had previously closed at $9.19.

Mexco Energy Price Performance

The company has a market cap of $18.26 million, a P/E ratio of 14.17 and a beta of 0.21. The company’s 50-day moving average is $8.58 and its two-hundred day moving average is $8.13.

Institutional Investors Weigh In On Mexco Energy

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 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,344 shares of the company’s stock after acquiring an additional 8,300 shares during the period. Beddow Capital Management Inc. owned approximately 0.99% of Mexco Energy worth $180,000 as of its most recent filing with the Securities & Exchange Commission. 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.