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

Mexco Energy Co. (NYSE:MXC) Director Thomas Decker sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was 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 in the company, valued at $258,888. This trade represents a 21.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mexco Energy Stock Performance

Mexco Energy stock traded down $2.91 during trading on Monday, hitting $12.29. The company’s stock had a trading volume of 144,289 shares, compared to its average volume of 37,132. The stock’s fifty day moving average is $10.81 and its 200 day moving average is $9.70. Mexco Energy Co. has a 1-year low of $5.89 and a 1-year high of $16.48. The stock has a market capitalization of $25.15 million, a price-to-earnings ratio of 19.51 and a beta of 0.34.

Hedge Funds Weigh In On Mexco Energy

A number of large investors have recently bought and sold shares of MXC. Beddow Capital Management Inc. boosted its holdings in shares of Mexco Energy by 52.5% in the 4th 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 during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Mexco Energy in the 4th quarter worth $145,000. Finally, Fruth Investment Management acquired a new position in Mexco Energy in the third quarter valued at $92,000. Hedge funds and other 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.