Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Up 2.1 %

MXC stock opened at $13.01 on Friday. The company has a market capitalization of $27.32 million, a price-to-earnings ratio of 14.46 and a beta of 0.69. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The firm has a 50 day moving average of $10.87 and a two-hundred day moving average of $10.94.

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

Insiders Place Their Bets

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were 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 directly owns 59,859 shares of the company’s stock, valued at $809,293.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 9,447 shares of company stock valued at $127,063 over the last ninety days. Corporate insiders own 51.02% of the company’s stock.

Institutional Trading of Mexco Energy

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Mexco Energy by 270.3% during 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 period. Dimensional Fund Advisors LP boosted its holdings in shares of Mexco Energy by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the company’s stock worth $666,000 after buying an additional 999 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Mexco Energy by 84.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,000 shares of the company’s stock worth $602,000 after buying an additional 16,000 shares during the period. 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.