US Bancorp DE lowered its position in shares of Freeport-McMoRan Inc (NYSE:FCX) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 175,915 shares of the natural resource company’s stock after selling 5,148 shares during the quarter. US Bancorp DE’s holdings in Freeport-McMoRan were worth $3,335,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Aperio Group LLC raised its position in Freeport-McMoRan by 3.3% during the 4th quarter. Aperio Group LLC now owns 610,497 shares of the natural resource company’s stock worth $11,575,000 after buying an additional 19,592 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Freeport-McMoRan by 160.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 26,000 shares of the natural resource company’s stock worth $493,000 after buying an additional 16,000 shares during the last quarter. Delphi Management Inc. MA raised its position in Freeport-McMoRan by 17.0% during the 4th quarter. Delphi Management Inc. MA now owns 158,005 shares of the natural resource company’s stock worth $2,996,000 after buying an additional 22,960 shares during the last quarter. Kovack Advisors Inc. purchased a new position in Freeport-McMoRan during the 4th quarter worth $515,000. Finally, Engineers Gate Manager LP purchased a new position in Freeport-McMoRan during the 4th quarter worth $425,000. Institutional investors own 68.39% of the company’s stock.

A number of equities analysts have commented on the stock. Clarkson Capital upgraded shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. TheStreet upgraded shares of Freeport-McMoRan from a “c” rating to a “b-” rating in a report on Thursday, January 25th. Morgan Stanley upgraded shares of Freeport-McMoRan from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $10.00 to $14.00 in a report on Monday, December 11th. UBS Group increased their price target on shares of Freeport-McMoRan from $13.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.24.

In related news, VP C Donald Whitmire, Jr. sold 21,500 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $19.49, for a total value of $419,035.00. Following the sale, the vice president now directly owns 70,239 shares of the company’s stock, valued at approximately $1,368,958.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.29% of the stock is currently owned by corporate insiders.

Shares of Freeport-McMoRan Inc (NYSE FCX) opened at $17.80 on Wednesday. The company has a market cap of $25,434.15, a PE ratio of 14.35 and a beta of 2.50. Freeport-McMoRan Inc has a 12 month low of $11.05 and a 12 month high of $20.25. The company has a quick ratio of 1.37, a current ratio of 2.14 and a debt-to-equity ratio of 1.04.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, January 25th. The natural resource company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Freeport-McMoRan had a net margin of 11.08% and a return on equity of 16.57%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 EPS. equities analysts anticipate that Freeport-McMoRan Inc will post 2.2 earnings per share for the current year.

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Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

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Institutional Ownership by Quarter for Freeport-McMoRan (NYSE:FCX)

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