Mexco Energy (NYSE:MXC) Trading 4.2% Higher – Here’s What Happened

Shares of Mexco Energy Co. (NYSE:MXC) rose 4.2% on Tuesday . The company traded as high as $8.92 and last traded at $8.91. Approximately 726 shares changed hands during trading, a decline of 95% from the average daily volume of 14,037 shares. The stock had previously closed at $8.55.

Mexco Energy Stock Up 4.2%

The stock has a market capitalization of $18.23 million, a price-to-earnings ratio of 14.14 and a beta of 0.27. The firm has a 50-day moving average of $9.15 and a two-hundred day moving average of $8.63.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Fruth Investment Management purchased a new position in shares of Mexco Energy Co. (NYSE:MXC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,150 shares of the company’s stock, valued at approximately $92,000. Fruth Investment Management owned 0.50% of Mexco Energy as of its most recent filing with the Securities and Exchange Commission (SEC). 5.89% of the stock is currently owned by hedge funds and other 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.