Freeport-McMoRan Inc. $FCX Shares Sold by Eagle Strategies LLC

Eagle Strategies LLC lessened its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,847 shares of the natural resource company’s stock after selling 12,983 shares during the period. Eagle Strategies LLC’s holdings in Freeport-McMoRan were worth $2,735,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new position in Freeport-McMoRan during the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC lifted its holdings in Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares during the last quarter. JPL Wealth Management LLC bought a new position in Freeport-McMoRan during the 3rd quarter worth approximately $33,000. YANKCOM Partnership lifted its holdings in Freeport-McMoRan by 83.3% during the 4th quarter. YANKCOM Partnership now owns 869 shares of the natural resource company’s stock worth $44,000 after buying an additional 395 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Freeport-McMoRan during the 3rd quarter worth approximately $36,000. Institutional investors own 80.77% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: JPMorgan raised its price target to $76 and kept an overweight rating, giving the shares fresh upside from a major bank’s view. JPMorgan Adjusts PT on Freeport-McMoRan
• Positive Sentiment: Billions under management: Millennium Management (Israel Englander) continues to hold FCX in its top-10 portfolio, signaling long-term institutional conviction. That endorsement supports investor confidence. Israel Englander Remains Bullish on This Stock
• Positive Sentiment: Barron’s highlights miners like Freeport as beneficiaries if geopolitical fears ease and copper resumes its rally — a directional bullish thesis tied to commodity fundamentals and risk sentiment. Copper Is a ‘Peace’ Commodity. Own These Miners in a Market Recovery.
• Positive Sentiment: Fundamental support: commentary and screens (Zacks/Yahoo) note FCX’s history of earnings beats and strong recent returns, which can sustain momentum traders and buy-the-rumor flows. Will Freeport-McMoRan (FCX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: RBC reiterated a Hold rating, which tempers the buy-side enthusiasm and signals mixed analyst views on valuation and near-term catalysts. RBC Capital Sticks to Its Hold Rating for Freeport-McMoRan (FCX)
• Neutral Sentiment: Several valuation pieces ask whether the recent ~100%+ one-year rally has already priced in the copper story, creating cautious positioning among value-focused investors. Is It Too Late To Consider Freeport McMoRan (FCX) After A 115% One Year Rally
• Negative Sentiment: Bear case: a recent Seeking Alpha piece argues the copper rally should be faded and cautions on upside from current levels — a viewpoint that can pressure momentum traders if it gains traction. Freeport-McMoRan: Fade The Copper Rally

Freeport-McMoRan Trading Up 2.2%

NYSE:FCX opened at $67.90 on Friday. Freeport-McMoRan Inc. has a 12-month low of $31.85 and a 12-month high of $69.75. The firm has a market capitalization of $97.59 billion, a P/E ratio of 44.97, a P/E/G ratio of 0.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The business has a 50 day simple moving average of $61.47 and a 200 day simple moving average of $51.80.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Freeport-McMoRan’s payout ratio is currently 19.87%.

Analyst Ratings Changes

A number of research analysts have commented on FCX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. CICC Research increased their target price on Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a report on Monday, January 26th. Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $53.50 to $54.00 in a report on Friday, January 23rd. Finally, Citigroup raised their price target on Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.11.

Insider Activity

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 75,000 shares of Freeport-McMoRan stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the sale, the executive vice president owned 219,181 shares of the company’s stock, valued at $14,141,558.12. The trade was a 25.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maree E. Robertson sold 48,500 shares of Freeport-McMoRan stock in a transaction on Friday, February 13th. The shares were sold at an average price of $61.55, for a total value of $2,985,175.00. Following the sale, the chief financial officer directly owned 79,894 shares in the company, valued at $4,917,475.70. The trade was a 37.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 565,145 shares of company stock worth $35,839,918 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Freeport-McMoRan Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.