Thomas Decker Sells 5,000 Shares of Mexco Energy (NYSE:MXC) Stock

Mexco Energy Co. (NYSE:MXC) Director Thomas Decker sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $14.07, for a total value of $70,350.00. Following the transaction, the director directly owned 18,400 shares in the company, valued at approximately $258,888. This represents a 21.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Mexco Energy Price Performance

Shares of MXC opened at $11.45 on Wednesday. Mexco Energy Co. has a 1 year low of $5.89 and a 1 year high of $16.48. The stock has a 50 day simple moving average of $10.83 and a two-hundred day simple moving average of $9.73. The firm has a market cap of $23.43 million, a P/E ratio of 18.17 and a beta of 0.34.

Institutional Trading of Mexco Energy

Several hedge funds have recently added to or reduced their stakes in the business. Fruth Investment Management purchased a new stake in Mexco Energy during the third quarter valued at about $92,000. Corient Private Wealth LLC purchased a new position in shares of Mexco Energy in the fourth quarter worth about $145,000. Finally, Beddow Capital Management Inc. increased its holdings in shares of Mexco Energy by 68.9% in the second quarter. Beddow Capital Management Inc. now owns 20,344 shares of the company’s stock worth $180,000 after buying an additional 8,300 shares during the period. 5.89% of the stock is owned by institutional investors.

Mexco Energy Company Profile

Mexco Energy Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on identifying and developing onshore unconventional and conventional reservoirs to optimize hydrocarbon recovery and maintain a balanced portfolio of production assets. Its operations encompass both drilling new wells and acquiring producing properties to support steady production growth.

Mexco’s core assets are concentrated in key Texas basins, including the Fort Worth Basin—home to Barnett Shale formations—and select positions in the Permian Basin.