Moran Wealth Management LLC Purchases 11,941 Shares of Freeport-McMoRan Inc. $FCX

Moran Wealth Management LLC grew its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 34.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,594 shares of the natural resource company’s stock after buying an additional 11,941 shares during the quarter. Moran Wealth Management LLC’s holdings in Freeport-McMoRan were worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Leo Wealth LLC grew its stake in Freeport-McMoRan by 2.5% during the fourth quarter. Leo Wealth LLC now owns 6,838 shares of the natural resource company’s stock worth $347,000 after buying an additional 170 shares during the last quarter. Private Trust Co. NA grew its stake in Freeport-McMoRan by 6.7% during the fourth quarter. Private Trust Co. NA now owns 3,119 shares of the natural resource company’s stock worth $158,000 after buying an additional 195 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Freeport-McMoRan by 0.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 64,438 shares of the natural resource company’s stock worth $3,273,000 after buying an additional 207 shares during the last quarter. Iowa State Bank grew its stake in Freeport-McMoRan by 0.4% during the fourth quarter. Iowa State Bank now owns 49,059 shares of the natural resource company’s stock worth $2,492,000 after buying an additional 213 shares during the last quarter. Finally, Putney Financial Group LLC grew its stake in Freeport-McMoRan by 2.8% during the fourth quarter. Putney Financial Group LLC now owns 8,377 shares of the natural resource company’s stock worth $425,000 after buying an additional 225 shares during the last quarter. 80.77% of the stock is owned by institutional investors.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, Chairman Richard C. Adkerson sold 248,031 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $62.80, for a total value of $15,576,346.80. Following the transaction, the chairman directly owned 3,509,119 shares of the company’s stock, valued at approximately $220,372,673.20. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 29,654 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the completion of the transaction, the chief accounting officer directly owned 76,445 shares in the company, valued at approximately $4,816,035. The trade was a 27.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 565,145 shares of company stock valued at $35,839,918. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FCX has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Freeport-McMoRan from $64.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday. HSBC increased their price target on shares of Freeport-McMoRan from $69.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Argus raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. Freedom Capital raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Finally, Bank of America increased their price target on shares of Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and an average price target of $66.26.

Freeport-McMoRan Price Performance

FCX opened at $70.11 on Monday. Freeport-McMoRan Inc. has a one year low of $32.12 and a one year high of $70.71. 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 company’s 50 day simple moving average is $62.20 and its 200-day simple moving average is $53.05. The stock has a market capitalization of $100.76 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 0.80 and a beta of 1.48.

Freeport-McMoRan (NYSE:FCX) last announced 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 net margin of 8.50% and a return on equity of 8.50%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 19.87%.

Key Freeport-McMoRan News

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

• Positive Sentiment: Earnings outlook: Analysts and research notes see the company positioned to deliver an earnings beat in the upcoming report, citing the right combination of revenue and cost factors that support higher guidance and potential upside to consensus estimates. This improves near-term fundamentals sentiment for FCX. Freeport-McMoRan (FCX) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Market action: The stock moved higher in the latest session versus the broader market, reflecting investor buying interest alongside elevated volume — a near-term technical tailwind that reinforces momentum-driven inflows. Freeport-McMoRan (FCX) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Insider selling noted: Reports show executives sold shares while the stock rallied past the $69 level. Insider sales can be interpreted many ways (portfolio diversification, taxes, or signaling), so investors should monitor the size, timing and reason disclosures before changing positions. Freeport-McMoRan (FCX) Stock Soars Past $69 While Executives Unload Shares
• Negative Sentiment: Analyst target cut: Scotiabank trimmed its price target to $71, which is mildly negative because it reduces some analyst-driven upside and could cap momentum if other firms follow. This raises some valuation risk even as fundamentals look supportive. Scotiabank Lowers Freeport-McMoRan (NYSE:FCX) Price Target to $71.00

Freeport-McMoRan Company 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.