Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Mexco Energy Trading Down 0.0 %

Shares of NYSE MXC opened at $12.67 on Tuesday. The business has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $8.51. Mexco Energy has a one year low of $10.30 and a one year high of $20.84. The firm has a market capitalization of $26.95 million, a price-to-earnings ratio of 7.32 and a beta of 1.16.

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Mexco Energy (NYSE:MXC – Get Free Report) last released its quarterly earnings results on Monday, June 26th. The company reported $0.41 EPS for the quarter. The company had revenue of $2.20 million for the quarter. Mexco Energy had a return on equity of 23.66% and a net margin of 43.26%.

Institutional Trading of Mexco Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Mexco Energy by 270.3% during the 1st quarter. Vanguard Group Inc. now owns 61,108 shares of the company’s stock valued at $990,000 after acquiring an additional 44,605 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Mexco Energy by 84.2% during the second quarter. Renaissance Technologies LLC now owns 35,000 shares of the company’s stock valued at $602,000 after buying an additional 16,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Mexco Energy by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the company’s stock valued at $666,000 after buying an additional 999 shares during the period. Institutional investors and hedge funds own 6.83% 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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