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 morning. The brokerage issued a hold rating on the stock.

Mexco Energy Price Performance

Shares of NYSE MXC opened at $12.00 on Friday. Mexco Energy has a 1-year low of $9.02 and a 1-year high of $16.52. The business has a fifty day moving average price of $11.79 and a 200 day moving average price of $10.98. The stock has a market capitalization of $25.08 million, a P/E ratio of 19.67 and a beta of 0.54.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings data on Thursday, June 27th. The company reported $0.12 EPS for the quarter. The firm had revenue of $1.79 million during the quarter. Mexco Energy had a net margin of 20.37% and a return on equity of 7.76%.

Mexco Energy Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were given a dividend of $0.10 per share. The ex-dividend date was Monday, May 20th.

Hedge Funds Weigh In On Mexco Energy

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

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.