Mexco Energy (NYSE:MXC) Trading Up 1.2% – Still a Buy?

Mexco Energy Co. (NYSE:MXC) was up 1.2% during mid-day trading on Tuesday . The stock traded as high as $10.17 and last traded at $9.51. Approximately 32,022 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 37,485 shares. The stock had previously closed at $9.40.

Mexco Energy Stock Performance

The stock has a market capitalization of $19.46 million, a price-to-earnings ratio of 15.10 and a beta of 0.37. The firm has a fifty day moving average of $11.03 and a 200-day moving average of $10.06.

Insider Transactions at Mexco Energy

In related news, Director Thomas H. Decker sold 5,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $14.07, for a total value of $70,350.00. Following the completion of the sale, the director directly owned 18,400 shares in the company, valued at approximately $258,888. This represents a 21.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 55.09% of the company’s stock.

Institutional Trading of Mexco Energy

Several large investors have recently modified their holdings of the business. Beddow Capital Management Inc. grew its stake in shares of Mexco Energy by 68.9% during the second quarter. Beddow Capital Management Inc. now owns 20,344 shares of the company’s stock valued at $180,000 after acquiring an additional 8,300 shares in the last quarter. Fruth Investment Management acquired a new stake in shares of Mexco Energy during the third quarter valued at about $92,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Mexco Energy during the fourth quarter valued at about $145,000. 5.89% of the stock is currently 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.