Mexco Energy Co. (MXC) Insider Acquires $42,500.00 in Stock
Mexco Energy Co. (NYSEAMERICAN:MXC) insider Nicholas C. Taylor acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were purchased at an average price of $4.25 per share, for a total transaction of $42,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Mexco Energy Co. (MXC) traded up $0.10 during mid-day trading on Wednesday, hitting $4.32. 24,012 shares of the stock were exchanged, compared to its average volume of 47,646. Mexco Energy Co. has a twelve month low of $3.13 and a twelve month high of $7.18. The firm has a market capitalization of $8.80, a P/E ratio of -13.50 and a beta of 0.84.
A hedge fund recently bought a new stake in Mexco Energy stock. Bank of New York Mellon Corp purchased a new position in shares of Mexco Energy Co. (NYSEAMERICAN:MXC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,169 shares of the oil and gas exploration company’s stock, valued at approximately $100,000. Bank of New York Mellon Corp owned approximately 1.14% of Mexco Energy at the end of the most recent quarter.
About Mexco Energy
Mexco Energy Corporation is an independent oil and gas company. The Company is engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. At March 31, 2016, its total estimated proved reserves were approximately 2.051 million barrels of oil equivalent (Boe) of which 53% was oil and natural gas liquids and 47% was natural gas.
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