Southern Copper Co. (NYSE:SCCO) Stock Holdings Decreased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 67.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,183 shares of the basic materials company's stock after selling 4,457 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Southern Copper were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Southern Copper during the fourth quarter valued at approximately $52,738,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Southern Copper in the 4th quarter valued at approximately $40,226,000. Renaissance Technologies LLC raised its stake in Southern Copper by 1,417.7% during the 4th quarter. Renaissance Technologies LLC now owns 407,912 shares of the basic materials company's stock valued at $37,173,000 after acquiring an additional 381,035 shares in the last quarter. Northern Trust Corp boosted its position in Southern Copper by 44.9% during the 4th quarter. Northern Trust Corp now owns 1,146,537 shares of the basic materials company's stock worth $104,484,000 after acquiring an additional 355,013 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Southern Copper by 49.6% in the fourth quarter. Marshall Wace LLP now owns 998,923 shares of the basic materials company's stock worth $91,032,000 after purchasing an additional 331,319 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Price Performance

Shares of NYSE SCCO traded up $0.66 during midday trading on Tuesday, reaching $97.59. The company's stock had a trading volume of 932,694 shares, compared to its average volume of 1,357,273. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $89.39 and a 200 day moving average price of $93.32. Southern Copper Co. has a one year low of $74.84 and a one year high of $121.44. The company has a market cap of $77.70 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, equities research analysts expect that Southern Copper Co. will post 4.66 EPS for the current year.

Southern Copper Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were given a dividend of $0.70 per share. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, May 2nd. Southern Copper's dividend payout ratio (DPR) is presently 61.27%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SCCO. Hsbc Global Res raised shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. Wall Street Zen lowered shares of Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a report on Monday, April 14th. UBS Group dropped their target price on Southern Copper from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Scotiabank increased their price target on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $91.50.

Southern Copper Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.