Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a report issued on Sunday. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Down 0.8 %

MXC opened at $12.00 on Friday. The firm’s fifty day simple moving average is $11.59 and its two-hundred day simple moving average is $10.91. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52. The company has a market cap of $25.08 million, a price-to-earnings ratio of 13.33 and a beta of 0.62.

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

Insider Buying and Selling

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total value of $89,313.12. Following the transaction, the president now owns 59,859 shares in the company, valued at approximately $809,293.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 9,447 shares of company stock worth $127,063. 51.02% of the stock is owned by corporate insiders.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new stake in Mexco Energy Co. (NYSE:MXC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned approximately 1.13% of Mexco Energy at the end of the most recent reporting period. 5.89% of the stock is owned by institutional investors and hedge funds.

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.