Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the stock.

Mexco Energy Stock Down 2.1%

MXC stock opened at $6.85 on Wednesday. Mexco Energy has a 52-week low of $5.89 and a 52-week high of $14.11. The stock’s 50 day moving average is $7.44 and its two-hundred day moving average is $10.19. The company has a market capitalization of $14.02 million, a PE ratio of 10.87 and a beta of 0.38.

Mexco Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.84%.

Institutional Investors Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Beddow Capital Management Inc. purchased a new stake in Mexco Energy Co. (NYSE:MXC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,033 shares of the company’s stock, valued at approximately $113,000. Beddow Capital Management Inc. owned about 0.49% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is currently owned by institutional investors and hedge funds.

Mexco Energy Company Profile

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.