Mexco Energy (NYSE:MXC) Trading Down 3.1% – What’s Next?

Mexco Energy Co. (NYSE:MXC)’s stock price traded down 3.1% on Friday . The stock traded as low as $7.16 and last traded at $7.23. 8,048 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 25,807 shares. The stock had previously closed at $7.46.

Mexco Energy Stock Down 3.1%

The company’s 50-day moving average is $8.86 and its two-hundred day moving average is $9.96. The company has a market capitalization of $14.79 million, a P/E ratio of 11.48 and a beta of 0.33.

Mexco Energy Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a dividend yield of 127.0%. Mexco Energy’s dividend payout ratio is 16.67%.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Corient Private Wealth LLC purchased a new position in Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,600 shares of the company’s stock, valued at approximately $145,000. Corient Private Wealth LLC owned about 0.71% of Mexco Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Mexco Energy Company Profile

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.