Mexco Energy Corp (AMEX:MXC) Secretary Stacy D. Hardin engaged in multiple transactions involving the company's stock, according to recent filings. On April 8 and 9, Hardin executed sales totaling $16,690 and purchases amounting to $6,050 of Mexco Energy common stock.
Hardin's sales were conducted at prices ranging from $13.34 to $13.39 per share, indicating a keen interest in the company's performance among its executives. The transactions involved a total of 1,050 shares sold. This activity comes alongside purchases of 1,250 shares at a uniform price of $4.84 per share, reflecting a strategic approach to stock transactions by the Secretary.
The transactions are part of the regular reporting of stock activities by company executives and are publicly disclosed for investor consideration. Following these sales, Hardin's direct beneficial holdings in Mexco Energy Corp stand at 7,099 shares. These include vested options to acquire additional shares at various prices under the company's Employee Incentive Stock Plan.
Investors and market watchers often look to insider buying and selling patterns as indicators of company health and executive confidence. The recent activity by Hardin provides a glimpse into the executive's investment moves and may be of interest to those following Mexco Energy's stock performance.
Mexco Energy Corp, a player in the crude petroleum and natural gas industry, continues to navigate the energy sector with its executive team actively managing their stakes in the company's future.
InvestingPro Insights
Amidst the recent insider trading activity, Mexco Energy Corp (AMEX:MXC) has displayed several financial strengths that could be of interest to investors. The company's balance sheet reveals a stable financial position, with cash reserves surpassing its debt, as noted in one of the InvestingPro Tips. This is a positive signal for investors looking for companies with a solid financial foundation. Additionally, Mexco's liquid assets are more than sufficient to cover short-term obligations, providing further evidence of the company's financial health.
From a performance standpoint, Mexco Energy has seen a robust return over the past month, with a 33.98% increase in its share price. This is complemented by an impressive 34.8% return over the last three months, according to another InvestingPro Tip. These figures suggest that the company has been performing well in the short term, which may correlate with the insider trading patterns observed.
Turning to the real-time metrics provided by InvestingPro, Mexco Energy's Price to Earnings (P/E) Ratio stands at 10.63, indicating that the company's earnings may be undervalued compared to the market average. Moreover, the Price to Book (P/B) Ratio is at a modest 1.21, which could appeal to value investors seeking assets that are priced reasonably relative to their book value. Lastly, the company's Gross Profit Margin is a healthy 77.83%, reflecting a strong ability to retain earnings after the cost of goods sold is accounted for.
For investors interested in a deeper analysis, there are additional InvestingPro Tips available that could provide further insights into Mexco Energy's financial health and stock performance. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and access the full list of tips to make more informed investment decisions.
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