Mexco Energy (NYSE:MXC) Trading Up 4.2% – What’s Next?

Mexco Energy Co. (NYSE:MXC) shot up 4.2% during mid-day trading on Tuesday . The stock traded as high as $8.92 and last traded at $8.91. 726 shares were traded during trading, a decline of 95% from the average session volume of 14,037 shares. The stock had previously closed at $8.55.

Mexco Energy Stock Performance

The firm has a market capitalization of $18.23 million, a P/E ratio of 14.14 and a beta of 0.27. The business has a fifty day moving average of $9.15 and a 200-day moving average of $8.63.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently raised its position in Mexco Energy stock. Beddow Capital Management Inc. grew its position in shares of Mexco Energy Co. (NYSE:MXC) by 100.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,861 shares of the company’s stock after purchasing an additional 20,517 shares during the quarter. Beddow Capital Management Inc. owned 2.00% of Mexco Energy worth $374,000 as of its most recent filing with the SEC. 5.89% of the stock is currently owned by institutional investors.

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.