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

Research analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

Mexco Energy Trading Down 5.5 %

Shares of NYSE:MXC opened at $6.63 on Friday. Mexco Energy has a 52 week low of $5.89 and a 52 week high of $14.11. The company has a market cap of $13.55 million, a PE ratio of 10.52 and a beta of 0.36. The company’s 50 day moving average is $9.09 and its two-hundred day moving average is $10.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. purchased a new position in shares of Mexco Energy Co. (NYSE:MXC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy as of its most recent SEC filing. Institutional investors and hedge funds own 5.89% of the company’s stock.

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.