Freeport-McMoRan Inc. $FCX Shares Sold by Longbow Finance SA

Longbow Finance SA reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,192 shares of the natural resource company’s stock after selling 22,035 shares during the period. Longbow Finance SA’s holdings in Freeport-McMoRan were worth $8,126,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after acquiring an additional 2,882 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Freeport-McMoRan by 5.6% in the fourth quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock valued at $366,000 after purchasing an additional 507 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Freeport-McMoRan in the second quarter valued at about $560,000. CWM LLC lifted its holdings in shares of Freeport-McMoRan by 111.7% during the second quarter. CWM LLC now owns 147,117 shares of the natural resource company’s stock worth $6,378,000 after purchasing an additional 77,620 shares during the period. Finally, MGO One Seven LLC boosted its position in Freeport-McMoRan by 4.9% in the second quarter. MGO One Seven LLC now owns 21,917 shares of the natural resource company’s stock valued at $950,000 after buying an additional 1,029 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Stock Down 5.3%

FCX opened at $62.01 on Friday. The company has a fifty day moving average of $55.59 and a two-hundred day moving average of $46.68. The stock has a market capitalization of $89.03 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 0.74 and a beta of 1.47. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $69.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm earned $0.31 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

Insiders Place Their Bets

In other news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer owned 38,761 shares in the company, valued at $1,847,349.26. This trade represents a 19.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Douglas N. Currault II sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the completion of the sale, the executive vice president directly owned 219,181 shares of the company’s stock, valued at approximately $14,141,558.12. The trade was a 25.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 513,986 shares of company stock valued at $32,124,432. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FCX. UBS Group raised their price target on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Morgan Stanley set a $70.00 price target on shares of Freeport-McMoRan in a report on Tuesday, January 27th. Sanford C. Bernstein lowered Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $53.50 to $54.00 in a research note on Friday, January 23rd. Finally, Wells Fargo & Company upped their target price on Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Freeport-McMoRan presently has an average rating of “Moderate Buy” and a consensus price target of $59.35.

More Freeport-McMoRan News

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

• Positive Sentiment: Stifel Nicolaus raised its price target on FCX to $76 and kept a “buy” rating, signaling fresh analyst conviction and upside potential that can support the stock. Read More.
• Positive Sentiment: Zacks highlights that recent upward revisions to Freeport’s earnings estimates (surging estimates) create near‑term upside potential and help justify higher multiples. Read More.
• Positive Sentiment: Zacks also profiles FCX as a momentum/long‑term idea — increased coverage and momentum narratives can attract flows into the shares. Read More.
• Neutral Sentiment: Commentary asks whether it’s “too late” to buy after a large one‑year rally — useful for framing risk/reward but not a direct catalyst. Read More.
• Negative Sentiment: Zacks reports Grasberg setbacks led to a sharp Q4 volume decline, cutting copper and gold sales despite higher realized prices — an operational headwind that can pressure near‑term revenue and investor sentiment. Read More.
• Negative Sentiment: Chairman Richard Adkerson sold large blocks over Feb. 10–11 (combined millions of dollars), which can sap sentiment and raise short‑term selling pressure. Read More.
• Negative Sentiment: EVP Douglas Currault II sold 75,000 shares (~$4.84M) on Feb. 11; while insiders still hold sizable stakes, the sales add to near‑term supply concerns. Read More.

Freeport-McMoRan Company 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.