Rep. Jefferson Shreve Sells Freeport-McMoRan Inc. (NYSE:FCX) Shares

Posted by Casey Walker on May 12th, 2025

Representative Jefferson Shreve (R-Indiana) recently sold shares of Freeport-McMoRan Inc. (NYSE:FCX). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Freeport-McMoRan stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Freeport-McMoRan Trading Up 3.3%

FCX stock traded up $1.25 during midday trading on Monday, reaching $39.11. 15,641,011 shares of the company’s stock traded hands, compared to its average volume of 13,688,110. The business has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $39.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $55.24. The company has a market capitalization of $56.20 billion, a P/E ratio of 30.31, a PEG ratio of 0.87 and a beta of 1.65.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last posted its earnings results on Thursday, April 24th. The natural resource company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.36 billion. Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Equities research analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 24.79%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FCX. Covestor Ltd grew its stake in Freeport-McMoRan by 76.3% in the 1st quarter. Covestor Ltd now owns 2,620 shares of the natural resource company’s stock valued at $99,000 after buying an additional 1,134 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of Freeport-McMoRan by 14.7% during the 1st quarter. Hosking Partners LLP now owns 1,490,328 shares of the natural resource company’s stock worth $56,424,000 after acquiring an additional 190,697 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Freeport-McMoRan during the 1st quarter worth about $362,000. Townsquare Capital LLC lifted its holdings in shares of Freeport-McMoRan by 20.4% during the 1st quarter. Townsquare Capital LLC now owns 264,808 shares of the natural resource company’s stock worth $10,026,000 after acquiring an additional 44,783 shares during the period. Finally, Founders Financial Alliance LLC lifted its holdings in Freeport-McMoRan by 11.8% during the 1st quarter. Founders Financial Alliance LLC now owns 28,032 shares of the natural resource company’s stock valued at $1,061,000 after purchasing an additional 2,969 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FCX shares. StockNews.com downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Freeport-McMoRan in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday, March 6th. Scotiabank reduced their price target on shares of Freeport-McMoRan from $45.00 to $40.00 and set a “sector perform” rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Freeport-McMoRan from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.09.

Get Our Latest Stock Analysis on FCX

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Freeport-McMoRan

(Get Free Report)

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.