Caprock Group LLC Acquires Shares of 31,668 Freeport-McMoRan Inc. $FCX

Caprock Group LLC purchased a new stake in Freeport-McMoRan Inc. (NYSE:FCX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 31,668 shares of the natural resource company’s stock, valued at approximately $1,242,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in Freeport-McMoRan by 24.2% during the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after purchasing an additional 2,882 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock valued at $366,000 after purchasing an additional 507 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Freeport-McMoRan in the second quarter valued at approximately $560,000. Mutual Advisors LLC boosted its position in Freeport-McMoRan by 2.5% in the 2nd quarter. Mutual Advisors LLC now owns 13,638 shares of the natural resource company’s stock valued at $612,000 after buying an additional 334 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Freeport-McMoRan by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 1,874,950 shares of the natural resource company’s stock worth $82,198,000 after acquiring an additional 14,397 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Trading Up 1.3%

FCX opened at $62.82 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $69.44. The stock’s fifty day moving average is $55.94 and its two-hundred day moving average is $46.84. The company has a market capitalization of $90.21 billion, a P/E ratio of 41.60, a PEG ratio of 0.69 and a beta of 1.47.

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

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

Freeport-McMoRan News Summary

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

• Positive Sentiment: BNP Paribas Exane raised its price target on FCX to $75 (from $56) and kept an “outperform” rating — a sizeable lift to upside expectations. Read More.
• Positive Sentiment: Argus upgraded FCX from “hold” to “buy,” reinforcing buy-side momentum and contributing to short‑term demand. Read More.
• Positive Sentiment: Other broker actions (Stifel raised its target to $76; UBS, Wells Fargo and Morgan Stanley have recently lifted targets) add to the analyst-driven narrative supporting higher valuations. Read More.
• Positive Sentiment: Zacks and other research outlets highlight rising earnings-estimate revisions and momentum characteristics for FCX, which can justify multiple expansion if commodity prices and volumes cooperate. Read More.
• Neutral Sentiment: Increased media and analyst attention (multiple Zacks pieces, MSN/Yahoo coverage) is amplifying flows into FCX but is informational rather than a direct operational catalyst. Read More.
• Negative Sentiment: Grasberg production setbacks materially reduced Q4 copper/gold volumes, a real operational headwind that can limit near-term revenue despite stronger prices. Read More.
• Negative Sentiment: Large insider sales: Chairman Richard Adkerson disclosed multi-hundred-thousand‑share disposals (Feb. 10–11 filings) totaling tens of millions of dollars — these trades can sap sentiment even if explained by diversification or tax planning. Read More.
• Negative Sentiment: EVP Douglas Currault II sold 75,000 shares (~$4.8M); insider selling at the executive level is a nearer-term negative for perception of internal conviction. Read More.

Wall Street Analysts Forecast Growth

FCX has been the subject of several research reports. Argus raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday. Citigroup boosted their price target on shares of Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, January 12th. BNP Paribas Exane raised their price objective on shares of Freeport-McMoRan from $56.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on Freeport-McMoRan from $52.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $68.00 target price on shares of Freeport-McMoRan in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.26.

Insiders Place Their Bets

In related news, Chairman Richard C. Adkerson sold 152,960 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $64.65, for a total value of $9,888,864.00. Following the completion of the sale, the chairman directly owned 3,356,159 shares of the company’s stock, valued at $216,975,679.35. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas N. Currault II sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the completion of the sale, the executive vice president owned 219,181 shares of the company’s stock, valued at $14,141,558.12. This trade represents a 25.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 513,986 shares of company stock worth $32,124,432 over the last ninety days. Company insiders own 0.75% of the company’s stock.

About Freeport-McMoRan

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.