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

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Tuesday morning. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Performance

Mexco Energy stock opened at $11.83 on Tuesday. The company has a market cap of $24.72 million, a price-to-earnings ratio of 13.03 and a beta of 0.62. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52. The firm has a 50 day moving average price of $12.07 and a 200 day moving average price of $10.87.

Mexco Energy Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, May 20th.

Insider Transactions at Mexco Energy

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction of $89,313.12. Following the sale, the president now owns 59,859 shares of the company’s stock, valued at approximately $809,293.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 9,447 shares of company stock worth $127,063. Company insiders own 51.02% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new stake in shares of Mexco Energy Co. (NYSE:MXC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.89% of the company’s stock.

About Mexco Energy

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.