Mexco Energy (NYSE:MXC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXCFree Report) in a research report sent to investors on Monday. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Performance

NYSE:MXC opened at $11.74 on Monday. The stock has a 50-day simple moving average of $11.69 and a 200-day simple moving average of $11.05. The stock has a market cap of $24.54 million, a P/E ratio of 19.25 and a beta of 0.54. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52.

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

Mexco Energy Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were issued a $0.10 dividend. The ex-dividend date was Monday, May 20th.

Institutional Trading of Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in shares of Mexco Energy Co. (NYSE:MXCFree Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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. Institutional investors and hedge funds own 5.89% of the company’s stock.

About Mexco Energy

(Get Free Report)

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.

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