Mexco Energy Co. (NYSEAMERICAN:MXC) Short Interest Update

Mexco Energy Co. (NYSEAMERICAN:MXC – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 2,200 shares, a decrease of 50.0% from the April 30th total of 4,400 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

MXC has been the topic of several research reports. StockNews.com initiated coverage on Mexco Energy in a research note on Tuesday. They set a “hold” rating on the stock. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 2 ($0.02) target price on shares of Mexco Energy in a research note on Wednesday, March 22nd.

Hedge Funds Weigh In On Mexco Energy

Several hedge funds and other institutional investors have recently bought and sold shares of MXC. Vanguard Group Inc. raised its holdings in shares of Mexco Energy by 270.3% in the first quarter. Vanguard Group Inc. now owns 61,108 shares of the oil and gas exploration company’s stock worth $990,000 after acquiring an additional 44,605 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mexco Energy by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 41,094 shares of the oil and gas exploration company’s stock worth $666,000 after acquiring an additional 999 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Mexco Energy by 84.2% in the second quarter. Renaissance Technologies LLC now owns 35,000 shares of the oil and gas exploration company’s stock worth $602,000 after acquiring an additional 16,000 shares during the last quarter. 7.97% of the stock is owned by institutional investors and hedge funds.

Mexco Energy Trading Down 1.7 %

Shares of MXC traded down $0.19 during mid-day trading on Friday, hitting $10.83. The company’s stock had a trading volume of 3,331 shares, compared to its average volume of 5,737. The firm has a 50-day simple moving average of $5.86 and a 200 day simple moving average of $6.25. The firm has a market capitalization of $23.27 million, a P/E ratio of 5.62 and a beta of 1.13. Mexco Energy has a 1-year low of $10.33 and a 1-year high of $24.18.

Mexco Energy Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, April 28th. This represents a yield of 0.81%.

Mexco Energy Company Profile

(Get Rating)

Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm operates its oil & gas exploration in the following areas: the Delaware Basin located in the Western portion of the Permian Basin, including Lea and Eddy Counties, New Mexico, and Loving County, Texas and the Midland Basin located in the Eastern portion of the Permian Basin, including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas.