The stock of Mexco Energy Corporation (NYSEMKT:MXC) is a huge mover today! About 80,356 shares traded hands or 567.57% up from the average. Mexco Energy Corporation (NYSEMKT:MXC) has risen 45.57% since February 26, 2016 and is uptrending. It has outperformed by 35.14% the S&P500.
The move comes after 6 months positive chart setup for the $7.62 million company. It was reported on Sep, 30 by Barchart.com. We have $5.99 PT which if reached, will make NYSEMKT:MXC worth $3.81 million more.
Analysts await Mexco Energy Corporation (NYSEMKT:MXC) to report earnings on November, 11.
According to Zacks Investment Research, “Mexco Energy Corporation is an independent energy company engaged in the exploration for and the acquisition, development and production of oil and gas.”
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 1.00, from 1 in 2016Q1. The ratio dropped, as 1 funds sold all Mexco Energy Corporation shares owned while 2 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 305,315 shares or 0.44% less from 306,666 shares in 2016Q1.
California Public Employees Retirement holds 0% or 14,900 shares in its portfolio. Morgan Stanley last reported 5,715 shares in the company. Northern Tru reported 69,830 shares or 0% of all its holdings. Wells Fargo Mn last reported 0% of its portfolio in the stock. Bridgeway Cap Incorporated owns 12,000 shares or 0% of their US portfolio. Brown Advisory Inc, a Maryland-based fund reported 202,400 shares. Moreover, Tower Research Capital Limited Liability Corporation (Trc) has 0% invested in Mexco Energy Corporation (NYSEMKT:MXC) for 466 shares.
More notable recent Mexco Energy Corporation (NYSEMKT:MXC) news were published by: Prnewswire.com which released: “Mexco Energy Corporation Announces Purchase Of Oil And Gas Properties” on November 26, 2014, also Prnewswire.com with their article: “Mexco Energy Corporation Announces Development of Properties” published on April 28, 2015, Quotes.Wsj.com published: “News Mexco Energy Corp.MXC” on February 01, 2001. More interesting news about Mexco Energy Corporation (NYSEMKT:MXC) were released by: Investorplace.com and their article: “Hottest Mining Stocks Now – MXC AKG FSM BVN” published on September 30, 2016 as well as Investorplace.com‘s news article titled: “Biggest Movers in Mining Stocks Now – NADL PES CRK CRC” with publication date: September 21, 2016.
MXC Company Profile
Mexco Energy Corporation, incorporated on April 12, 1972, is an independent gas and oil company. The Firm is engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. At March 31, 2016, its total estimated proved reserves were approximately 2.051 million barrels of oil equivalent (Boe) of which 53% was oil and natural gas liquids and 47% was natural gas. The Firm also owns producing properties and undeveloped acreage in approximately 10 states. It acquires interests in producing and non-producing gas and oil leases from landowners and leaseholders in areas considered favorable for gas and oil exploration, development and production. In addition, it may acquire gas and oil interests by joining in gas and oil drilling prospects generated by third parties. It owns interests in and operates approximately 10 producing wells and a water injection well. It owns partial interests in an additional 6,461 producing wells all of which are located within the United States in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia and North Dakota.
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