Oliver Luxxe Assets LLC Has $8.71 Million Stock Position in Freeport-McMoRan Inc. $FCX

Oliver Luxxe Assets LLC reduced its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,481 shares of the natural resource company’s stock after selling 32,499 shares during the quarter. Freeport-McMoRan comprises 1.3% of Oliver Luxxe Assets LLC’s holdings, making the stock its 18th largest position. Oliver Luxxe Assets LLC’s holdings in Freeport-McMoRan were worth $8,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Legacy Wealth Management LLC MS grew its position in shares of Freeport-McMoRan by 151.9% in the second quarter. Legacy Wealth Management LLC MS now owns 13,942 shares of the natural resource company’s stock valued at $877,000 after purchasing an additional 8,407 shares during the last quarter. Breakwater Capital Group lifted its holdings in Freeport-McMoRan by 5.9% during the 2nd quarter. Breakwater Capital Group now owns 15,770 shares of the natural resource company’s stock worth $992,000 after purchasing an additional 884 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Freeport-McMoRan by 11.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,511 shares of the natural resource company’s stock valued at $409,000 after purchasing an additional 691 shares during the period. Baring Financial LLC bought a new stake in Freeport-McMoRan in the 2nd quarter valued at $213,000. Finally, LifeGoal Investments LLC grew its holdings in Freeport-McMoRan by 17.8% in the 2nd quarter. LifeGoal Investments LLC now owns 3,919 shares of the natural resource company’s stock valued at $246,000 after buying an additional 592 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCX has been the subject of a number of research reports. Barclays lifted their target price on Freeport-McMoRan from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. BNP Paribas Exane increased their target price on shares of Freeport-McMoRan from $71.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Citigroup reiterated a “positive” rating on shares of Freeport-McMoRan in a research report on Wednesday, July 15th. Weiss Ratings raised Freeport-McMoRan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Finally, HSBC lifted their price objective on Freeport-McMoRan from $72.00 to $75.00 in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.27.

Freeport-McMoRan Stock Up 2.2%

Shares of FCX opened at $69.67 on Friday. The firm has a 50 day simple moving average of $64.03 and a two-hundred day simple moving average of $62.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $72.28. The company has a market cap of $100.16 billion, a P/E ratio of 34.32, a P/E/G ratio of 0.70 and a beta of 1.37.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was down 7.3% compared to the same quarter last year. Research analysts forecast that Freeport-McMoRan Inc. will post 2.76 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 14.78%.

Key Freeport-McMoRan News

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

• Positive Sentiment: Freeport-McMoRan declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a yield of approximately 0.4%. The dividend provides a modest income component for shareholders. Freeport-McMoRan Declares Dividend
• Positive Sentiment: Market attention remains centered on FCX’s copper exposure, with demand expectations tied to electrification, power-grid investment, electric vehicles and data-center infrastructure. Copper and gold prices and outlooks remain important potential catalysts. Why Freeport-McMoRan Is Drawing Copper Attention
• Positive Sentiment: Unusually high options activity indicates heightened trader interest and potentially bullish speculation in FCX, though options positioning can also increase short-term volatility. Freeport-McMoRan Target of Unusually High Options Trading
• Neutral Sentiment: Zacks Research raised its FY2026 EPS forecast to $2.52 from $2.43 and its Q1 2027 estimate to $0.85 from $0.75. However, the firm maintained its current-year consensus reference at $2.75, making the broader earnings signal mixed.
• Negative Sentiment: Zacks cut several forward estimates, including Q3 and Q4 2026 EPS to $0.63 and $0.58, FY2027 EPS to $3.54 from $3.65, and FY2028 EPS to $3.52 from $3.82. The reductions may raise concerns about production, commodity-price or cost assumptions.
• Negative Sentiment: Chief Accounting Officer Ellie Mikes sold 4,773 shares for approximately $334,110, reducing her direct holdings by 11.71%. The sale is a modest negative sentiment signal, though it may reflect personal financial planning rather than weaker company fundamentals. Ellie Mikes Sells FCX Shares

Insider Activity

In other news, CAO Stephen T. Higgins sold 14,277 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the transaction, the chief accounting officer owned 54,618 shares of the company’s stock, valued at approximately $3,795,951. This represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ellie L. Mikes sold 4,773 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the completion of the transaction, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at $2,520,000. This trade represents a 11.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,600 shares of company stock worth $1,802,012 over the last ninety days. 0.73% of the stock is currently owned by insiders.

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.