National Wealth Management Group LLC Invests $763,000 in Freeport-McMoRan Inc. $FCX

National Wealth Management Group LLC bought a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,029 shares of the natural resource company’s stock, valued at approximately $763,000.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Freeport-McMoRan by 190.9% during the third quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock worth $1,431,326,000 after purchasing an additional 23,950,557 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Freeport-McMoRan by 89.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after purchasing an additional 8,292,873 shares during the last quarter. Crake Asset Management LLP raised its position in shares of Freeport-McMoRan by 60.6% in the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after purchasing an additional 3,593,050 shares during the period. Voya Investment Management LLC raised its position in shares of Freeport-McMoRan by 289.0% in the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock valued at $150,781,000 after purchasing an additional 2,856,302 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Freeport-McMoRan by 205.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after buying an additional 2,813,845 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

Insiders Place Their Bets

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 75,000 shares of Freeport-McMoRan stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total value of $4,839,000.00. Following the completion of the transaction, the executive vice president directly owned 219,181 shares of the company’s stock, valued at $14,141,558.12. The trade was a 25.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 11,000 shares of Freeport-McMoRan stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the transaction, the chief accounting officer directly owned 40,773 shares of the company’s stock, valued at $2,529,149.19. This represents a 21.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 565,145 shares of company stock valued at $35,839,918 in the last quarter. Company insiders own 0.75% of the company’s stock.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Board declares quarterly cash dividend of $0.15/share (base $0.075 + variable $0.075) payable May 1 to holders of record April 15; variable component signals management confidence in cash flow and can lift income-focused demand. Freeport Declares Quarterly Cash Dividends on Common Stock
• Positive Sentiment: Industrial metals prices are rising after reports the U.S. is pushing a diplomatic effort to end the Middle East war; higher commodity prices typically support Freeport’s revenue and margins. Industrial metals rise as U.S. launches diplomatic push to end Middle East war
• Positive Sentiment: Brokerage coverage remains constructive—FCX has been given an average rating of “Moderate Buy,” supporting investor interest and buy-side flows. Freeport-McMoRan Given Average Rating of “Moderate Buy”
• Positive Sentiment: Analyst/commentary pieces frame recent pullbacks as buying opportunities (e.g., “The Drawdown Is A Gift”), which can encourage accumulation from value-oriented investors. The Drawdown Is A Gift
• Neutral Sentiment: Market wrap pieces note FCX has outperformed the broader market in recent sessions; useful for momentum context but largely descriptive rather than catalyst-driven. Freeport-McMoRan Outperforms Broader Market
• Negative Sentiment: Ongoing geopolitical risk (Iran/Middle East war) has previously pressured FCX and is cited as a reason the stock is viewed as a “fallen angel” by some—re-escalation could quickly reverse recent gains. FCX among ‘fallen angel’ stocks impacted by Iran war

Freeport-McMoRan Price Performance

NYSE:FCX opened at $57.12 on Thursday. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $69.75. The firm has a market cap of $82.09 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 0.66 and a beta of 1.41. The firm’s 50-day simple moving average is $61.47 and its 200 day simple moving average is $50.53. 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 quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, April 15th. Freeport-McMoRan’s payout ratio is presently 19.87%.

Analyst Ratings Changes

Several brokerages recently commented on FCX. BMO Capital Markets lifted their target price on shares of Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. CICC Research raised their price objective on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a report on Wednesday, November 26th. Bank of America upped their target price on Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Argus upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.59.

Freeport-McMoRan 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.