Freeport-McMoRan Inc. (NYSE:FCX) Holdings Raised by Capital Advisors Inc. OK

Capital Advisors Inc. OK increased its stake in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 791,326 shares of the natural resource company's stock after buying an additional 9,031 shares during the quarter. Capital Advisors Inc. OK owned about 0.06% of Freeport-McMoRan worth $29,960,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Coppell Advisory Solutions LLC boosted its position in Freeport-McMoRan by 47.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock valued at $32,000 after buying an additional 268 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Freeport-McMoRan by 3.2% in the first quarter. Capital Investment Advisory Services LLC now owns 9,102 shares of the natural resource company's stock worth $345,000 after acquiring an additional 278 shares in the last quarter. Palogic Value Management L.P. boosted its holdings in Freeport-McMoRan by 1.5% in the fourth quarter. Palogic Value Management L.P. now owns 20,277 shares of the natural resource company's stock valued at $772,000 after purchasing an additional 292 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Freeport-McMoRan by 12.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,760 shares of the natural resource company's stock valued at $104,000 after purchasing an additional 301 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Freeport-McMoRan by 0.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 36,514 shares of the natural resource company's stock worth $1,451,000 after purchasing an additional 309 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Stock Performance

FCX traded down $0.69 during trading on Monday, reaching $45.11. 19,619,671 shares of the company were exchanged, compared to its average volume of 13,503,683. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $52.61. The company has a current ratio of 2.32, a quick ratio of 1.13 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $40.18 and a 200 day moving average of $38.29. The stock has a market cap of $64.83 billion, a P/E ratio of 37.28, a PEG ratio of 0.87 and a beta of 1.64.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The natural resource company reported $0.24 earnings per share 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 7.11% and a return on equity of 7.03%. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, sell-side analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. Freeport-McMoRan's payout ratio is 24.79%.

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 8,584 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $40.02, for a total transaction of $343,531.68. Following the transaction, the chief accounting officer owned 48,333 shares in the company, valued at $1,934,286.66. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

FCX has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Wolfe Research raised shares of Freeport-McMoRan from a "peer perform" rating to an "outperform" rating and set a $39.00 target price for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target 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. UBS Group decreased their price target 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, Raymond James Financial reaffirmed an "outperform" rating and set a $52.00 target price on shares of Freeport-McMoRan in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $48.27.

About Freeport-McMoRan

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.