Stacy D. Hardin Sells 800 Shares of Mexco Energy Co. (NYSE:MXC) Stock

Mexco Energy Co. (NYSE:MXC) insider Stacy D. Hardin sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $13.36, for a total value of $10,688.00. Following the completion of the sale, the insider now directly owns 7,099 shares in the company, valued at $94,842.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mexco Energy Stock Up 1.4 %

Shares of MXC opened at $13.20 on Friday. The business’s 50 day moving average price is $10.49 and its 200-day moving average price is $10.90. Mexco Energy Co. has a 52 week low of $9.02 and a 52 week high of $14.47. The stock has a market cap of $27.72 million, a P/E ratio of 14.46 and a beta of 0.69.

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Mexco Energy in a research report on Thursday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Mexco Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 valued at $503,000 after acquiring an additional 957 shares in the last quarter. Renaissance Technologies LLC lifted its position in Mexco Energy by 84.2% in the 2nd quarter. Renaissance Technologies LLC now owns 35,000 shares of the company’s stock valued at $602,000 after acquiring an additional 16,000 shares in 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 valued at $990,000 after acquiring an additional 44,605 shares in the last quarter. 5.89% of the stock is owned by 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.