Mexco Energy Co. (NYSE:MXC – Get Free Report)’s share price was up 3% during mid-day trading on Tuesday . The stock traded as high as $9.54 and last traded at $9.75. Approximately 4,947 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 22,602 shares. The stock had previously closed at $9.47.
Mexco Energy Stock Performance
The business’s 50 day moving average price is $8.52 and its 200-day moving average price is $9.63. The company has a market cap of $19.28 million, a price-to-earnings ratio of 14.96 and a beta of 0.33.
Mexco Energy Announces Dividend
The business also recently disclosed an annual dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.10 per share. This represents a yield of 127.0%. The ex-dividend date of this dividend was Monday, June 15th. Mexco Energy’s payout ratio is presently 15.87%.
Hedge Funds Weigh In On Mexco Energy
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.
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