Freeport-McMoRan Inc. (NYSE:FCX) Shares Purchased by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC boosted its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 833 shares of the natural resource company’s stock after acquiring an additional 268 shares during the period. Coppell Advisory Solutions LLC’s holdings in Freeport-McMoRan were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Asset Planning Inc purchased a new stake in Freeport-McMoRan in the 4th quarter valued at approximately $25,000. Mizuho Bank Ltd. acquired a new position in shares of Freeport-McMoRan in the fourth quarter worth $26,000. Vision Financial Markets LLC purchased a new stake in shares of Freeport-McMoRan in the fourth quarter valued at $27,000. Laurel Wealth Advisors LLC boosted its stake in shares of Freeport-McMoRan by 487.8% during the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock valued at $28,000 after acquiring an additional 600 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Freeport-McMoRan during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Trading Down 0.8 %

NYSE:FCX opened at $37.32 on Friday. The firm has a market capitalization of $53.63 billion, a P/E ratio of 28.93, a P/E/G ratio of 0.87 and a beta of 1.71. The business has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $39.95. 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 12-month low of $27.66 and a 12-month high of $55.24.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the firm posted $0.32 EPS. Equities research analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. Freeport-McMoRan’s dividend payout ratio is presently 24.79%.

Analyst Ratings Changes

Several equities research analysts have issued reports on FCX shares. Deutsche Bank Aktiengesellschaft raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Thursday, March 6th. Scotiabank cut their price target on shares of Freeport-McMoRan from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price target (up from $48.00) on shares of Freeport-McMoRan in a research report on Friday. UBS Group lowered their target price on Freeport-McMoRan from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Dbs Bank raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Freeport-McMoRan Company Profile

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.