Securian Asset Management Inc raised its position in Freeport-McMoRan Inc (NYSE:FCX) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,401 shares of the natural resource company’s stock after purchasing an additional 1,903 shares during the period. Securian Asset Management Inc’s holdings in Freeport-McMoRan were worth $1,530,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Freeport-McMoRan by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 154,818,850 shares of the natural resource company’s stock valued at $2,155,078,000 after purchasing an additional 5,375,340 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Freeport-McMoRan by 61.3% during the 3rd quarter. Commonwealth Bank of Australia now owns 230,251 shares of the natural resource company’s stock worth $3,198,000 after acquiring an additional 87,500 shares during the period. Morgan Stanley lifted its holdings in shares of Freeport-McMoRan by 32.1% during the 3rd quarter. Morgan Stanley now owns 6,360,492 shares of the natural resource company’s stock worth $88,539,000 after acquiring an additional 1,546,116 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Freeport-McMoRan by 8.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 67,882 shares of the natural resource company’s stock worth $700,000 after acquiring an additional 5,256 shares during the period. Finally, Iron Financial LLC purchased a new position in shares of Freeport-McMoRan during the 3rd quarter worth about $176,000. Institutional investors own 70.49% of the company’s stock.

NYSE FCX opened at $11.61 on Monday. Freeport-McMoRan Inc has a one year low of $9.60 and a one year high of $19.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.80 and a current ratio of 3.23. The company has a market capitalization of $16.82 billion, a P/E ratio of 7.64 and a beta of 2.20.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, January 24th. The natural resource company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). Freeport-McMoRan had a net margin of 12.12% and a return on equity of 15.88%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was down 26.9% on a year-over-year basis. Equities research analysts predict that Freeport-McMoRan Inc will post 0.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Tuesday, January 15th were issued a $0.05 dividend. The ex-dividend date was Monday, January 14th. This represents a $0.20 annualized dividend and a yield of 1.72%. Freeport-McMoRan’s payout ratio is 13.16%.

FCX has been the topic of several recent analyst reports. TheStreet lowered shares of Freeport-McMoRan from a “b-” rating to a “c+” rating in a report on Monday, November 19th. ValuEngine lowered shares of Freeport-McMoRan from a “sell” rating to a “strong sell” rating in a report on Thursday, January 24th. Raymond James cut their price objective on shares of Freeport-McMoRan from $14.50 to $14.00 and set a “market perform” rating on the stock in a report on Friday, January 25th. Credit Suisse Group initiated coverage on shares of Freeport-McMoRan in a report on Wednesday, January 9th. They set a “neutral” rating and a $12.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Freeport-McMoRan from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Freeport-McMoRan has an average rating of “Hold” and an average price target of $16.26.

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Freeport-McMoRan Profile

Freeport-McMoRan Inc engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.

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

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