Mexco Energy (NYSE:MXC) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 0.9 %

Shares of MXC opened at $13.02 on Thursday. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $14.47. The business’s fifty day moving average is $10.43 and its 200 day moving average is $10.88. The stock has a market cap of $27.33 million, a P/E ratio of 14.46 and a beta of 0.69.

Mexco Energy (NYSE:MXC) last released its quarterly earnings results on Friday, February 9th. The company reported $0.16 EPS for the quarter. The business had revenue of $1.66 million during the quarter. Mexco Energy had a return on equity of 11.61% and a net margin of 28.37%.

Insider Buying and Selling

In related news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total value of $89,313.12. Following the completion of the sale, the president now owns 59,859 shares of the company’s stock, valued at approximately $809,293.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 9,300 shares of company stock valued at $124,635. 51.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in shares of Mexco Energy by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock valued at $308,000 after acquiring an additional 2,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Mexco Energy by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,321 shares of the company’s stock worth $503,000 after buying an additional 957 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Mexco Energy by 270.3% in the 1st quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock worth $990,000 after buying an additional 44,605 shares during the last quarter. 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.