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

Mexco Energy Co. (NYSE:MXC) Director Thomas Decker sold 5,000 shares of the business’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 sale, the director owned 18,400 shares of the company’s stock, valued at approximately $258,888. This represents a 21.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mexco Energy Stock Down 19.1%

Shares of NYSE:MXC opened at $12.29 on Tuesday. The firm’s 50 day moving average price is $10.81 and its 200-day moving average price is $9.70. Mexco Energy Co. has a twelve month low of $5.89 and a twelve month high of $16.48. The stock has a market capitalization of $25.15 million, a PE ratio of 19.51 and a beta of 0.34.

Institutional Investors Weigh In On Mexco Energy

A number of hedge funds have recently modified their holdings of MXC. Beddow Capital Management Inc. lifted its position in Mexco Energy by 52.5% during the fourth quarter. Beddow Capital Management Inc. now owns 62,295 shares of the company’s stock valued at $617,000 after purchasing an additional 21,434 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Mexco Energy in the fourth quarter worth about $145,000. Finally, Fruth Investment Management purchased a new stake in Mexco Energy in the third quarter worth about $92,000. Institutional investors own 5.89% of the company’s stock.

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.