Mexco Energy (NYSE:MXC) Shares Down 7% – Here’s What Happened

Mexco Energy Co. (NYSE:MXC) shares traded down 7% during mid-day trading on Friday . The company traded as low as $10.51 and last traded at $10.51. 7,421 shares were traded during trading, a decline of 59% from the average session volume of 18,226 shares. The stock had previously closed at $11.30.

Mexco Energy Trading Down 7.0%

The stock’s 50 day moving average price is $9.94 and its 200 day moving average price is $9.15. The firm has a market cap of $21.50 million, a PE ratio of 16.68 and a beta of 0.31.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Fruth Investment Management acquired a new position in shares of Mexco Energy Co. (NYSE:MXC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,150 shares of the company’s stock, valued at approximately $92,000. Fruth Investment Management owned 0.50% of Mexco Energy at the end of the most recent reporting period. 5.89% of the stock is owned by institutional investors and hedge funds.

About Mexco Energy

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.