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

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the stock.

Mexco Energy Stock Down 0.8 %

Shares of NYSE:MXC opened at $13.15 on Friday. The company has a market capitalization of $27.48 million, a price-to-earnings ratio of 21.56 and a beta of 0.53. The company has a 50 day moving average of $12.02 and a two-hundred day moving average of $11.96. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52.

Mexco Energy (NYSE:MXC) last released its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter. The company had revenue of $1.73 million during the quarter. Mexco Energy had a return on equity of 6.70% and a net margin of 17.77%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in Mexco Energy Co. (NYSE:MXC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy as of its most recent SEC filing. 5.89% of the stock is currently owned by hedge funds and other 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.