StockNews.com Initiates Coverage on Mexco Energy (NYSE:MXC)

Research analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Separately, TheStreet lowered shares of Mexco Energy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th.

Mexco Energy Stock Up 4.4 %

Shares of MXC stock opened at $10.18 on Tuesday. The firm has a market capitalization of $21.38 million, a price-to-earnings ratio of 11.31 and a beta of 0.70. The stock has a fifty day moving average of $9.99 and a 200 day moving average of $10.93. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $13.84.

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

Institutional Investors Weigh In On Mexco Energy

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Mexco Energy by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 40,321 shares of the company’s stock worth $503,000 after purchasing an additional 957 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Mexco Energy by 84.2% in 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. Finally, Vanguard Group Inc. increased its stake in shares of Mexco Energy by 270.3% in the 1st quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock worth $990,000 after acquiring an additional 44,605 shares in the last quarter. 5.89% of the stock is currently owned by institutional investors.

Mexco Energy Company Profile

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.