Mexco Energy (NYSE:MXC) Stock Price Down 7% – Should You Sell?

Mexco Energy Co. (NYSE:MXC)’s share price traded down 7% during trading on Friday . The stock traded as low as $10.51 and last traded at $10.51. 7,421 shares traded hands during trading, a decline of 59% from the average session volume of 18,226 shares. The stock had previously closed at $11.30.

Mexco Energy Stock Performance

The business’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $9.15. The company has a market capitalization of $21.50 million, a price-to-earnings ratio of 16.68 and a beta of 0.31.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Fruth Investment Management purchased a new stake in Mexco Energy Co. (NYSE:MXC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,150 shares of the company’s stock, valued at approximately $92,000. Fruth Investment Management owned approximately 0.50% of Mexco Energy as of its most recent filing with the Securities and Exchange Commission (SEC). 5.89% of the stock is owned by institutional investors and hedge funds.

About Mexco Energy

Mexco Energy Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on identifying and developing onshore unconventional and conventional reservoirs to optimize hydrocarbon recovery and maintain a balanced portfolio of production assets. Its operations encompass both drilling new wells and acquiring producing properties to support steady production growth.

Mexco’s core assets are concentrated in key Texas basins, including the Fort Worth Basin—home to Barnett Shale formations—and select positions in the Permian Basin.