Key Points
- Director Thomas Decker sold 5,000 shares on March 5 at an average price of $14.07 for total proceeds of $70,350, reducing his ownership by 21.37% to 18,400 shares (≈$258,888).
- Mexco Energy shares were trading down 19.1%, opening at $12.29 with a 12‑month range of $5.89–$16.48; the company has a market cap of about $25.15 million, a P/E of 19.51, and roughly 5.9% institutional ownership despite some recent small institutional buys.
- The company is an independent oil and gas producer focused on onshore unconventional and conventional reservoirs in Texas basins, including the Fort Worth (Barnett Shale) and select positions in the Permian Basin.
Mexco Energy Co. (NYSE:MXC - Get Free Report) Director Thomas Decker sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $14.07, for a total value of $70,350.00. Following the transaction, the director owned 18,400 shares of the company's stock, valued at approximately $258,888. This trade represents a 21.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Mexco Energy Trading Down 19.1%
NYSE MXC opened at $12.29 on Tuesday. Mexco Energy Co. has a 12 month low of $5.89 and a 12 month high of $16.48. The stock has a market cap of $25.15 million, a price-to-earnings ratio of 19.51 and a beta of 0.34. The company's 50 day moving average is $10.81 and its two-hundred day moving average is $9.70.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of MXC. Fruth Investment Management bought a new position in Mexco Energy in the 3rd quarter worth $92,000. Corient Private Wealth LLC bought a new stake in Mexco Energy during the fourth quarter valued at about $145,000. Finally, Beddow Capital Management Inc. raised its holdings in Mexco Energy by 68.9% during the second quarter. Beddow Capital Management Inc. now owns 20,344 shares of the company's stock valued at $180,000 after acquiring an additional 8,300 shares during the period. Hedge funds and other institutional investors own 5.89% of the company's stock.
Mexco Energy Company Profile
(
Get Free Report)
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.
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