Mexco Energy (NYSE:MXC) Trading Down 7% – Here’s What Happened

Shares of Mexco Energy Co. (NYSE:MXC) were down 7% during trading on Friday . The company traded as low as $10.51 and last traded at $10.51. Approximately 7,421 shares were traded during trading, a decline of 59% from the average daily volume of 18,226 shares. The stock had previously closed at $11.30.

Mexco Energy Price Performance

The firm’s fifty day simple moving average is $9.94 and its 200 day simple moving average is $9.15. The company has a market capitalization of $21.50 million, a price-to-earnings ratio of 16.68 and a beta of 0.31.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Fruth Investment Management bought a new position in Mexco Energy Co. (NYSE:MXC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 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 SEC filing. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.