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

Moran Wealth Management LLC raised its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 34.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 46,594 shares of the natural resource company’s stock after purchasing an additional 11,941 shares during the period. Moran Wealth Management LLC’s holdings in Freeport-McMoRan were worth $2,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quattro Financial Advisors LLC boosted its stake in Freeport-McMoRan by 18.3% in the fourth quarter. Quattro Financial Advisors LLC now owns 77,847 shares of the natural resource company’s stock valued at $3,954,000 after acquiring an additional 12,060 shares during the last quarter. Trivium Point Advisory LLC raised its holdings in Freeport-McMoRan by 44.6% in the fourth quarter. Trivium Point Advisory LLC now owns 11,648 shares of the natural resource company’s stock worth $592,000 after purchasing an additional 3,592 shares during the period. Merit Financial Group LLC raised its holdings in Freeport-McMoRan by 43.0% in the fourth quarter. Merit Financial Group LLC now owns 78,170 shares of the natural resource company’s stock worth $3,970,000 after purchasing an additional 23,501 shares during the period. AE Wealth Management LLC raised its holdings in Freeport-McMoRan by 632.1% in the fourth quarter. AE Wealth Management LLC now owns 167,561 shares of the natural resource company’s stock worth $8,510,000 after purchasing an additional 144,674 shares during the period. Finally, Shelton Wealth Management LLC raised its holdings in Freeport-McMoRan by 6.9% in the fourth quarter. Shelton Wealth Management LLC now owns 27,938 shares of the natural resource company’s stock worth $1,419,000 after purchasing an additional 1,810 shares during the period. 80.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Freeport-McMoRan

In related news, EVP Douglas N. Currault II sold 75,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 219,181 shares in the company, valued at $14,141,558.12. This trade represents a 25.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Stephen T. Higgins sold 29,654 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the sale, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 565,145 shares of company stock valued at $35,839,918 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Freeport-McMoRan Trading Down 0.1%

Shares of NYSE:FCX opened at $70.11 on Monday. Freeport-McMoRan Inc. has a 12 month low of $32.12 and a 12 month high of $70.71. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $62.20 and its 200 day simple moving average is $53.05. The firm has a market cap of $100.76 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 0.80 and a beta of 1.48.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping 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 business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 19.87%.

Freeport-McMoRan News Summary

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

Wall Street Analysts Forecast Growth

FCX has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. Sanford C. Bernstein lowered shares of 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. Raymond James Financial increased their target price on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Morgan Stanley set a $70.00 target price on shares of Freeport-McMoRan in a report on Tuesday, January 27th. Finally, Argus upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.26.

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.