Freeport-McMoRan Inc. $FCX Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in Freeport-McMoRan Inc. (NYSE:FCX) by 84.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,643 shares of the natural resource company’s stock after acquiring an additional 11,752 shares during the period. Krilogy Financial LLC’s holdings in Freeport-McMoRan were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Freeport-McMoRan by 1.6% in the second quarter. Vanguard Group Inc. now owns 126,983,947 shares of the natural resource company’s stock valued at $5,504,754,000 after purchasing an additional 1,941,662 shares during the period. Fisher Asset Management LLC increased its holdings in Freeport-McMoRan by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 62,358,715 shares of the natural resource company’s stock worth $2,703,250,000 after buying an additional 1,926,493 shares during the period. State Street Corp increased its holdings in Freeport-McMoRan by 0.5% in the 2nd quarter. State Street Corp now owns 61,787,174 shares of the natural resource company’s stock worth $2,678,474,000 after buying an additional 320,514 shares during the period. Bank of New York Mellon Corp raised its position in Freeport-McMoRan by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,671,223 shares of the natural resource company’s stock worth $849,945,000 after buying an additional 435,963 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Freeport-McMoRan by 89.4% during the 2nd 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 acquiring an additional 8,292,873 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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.

Insider Activity at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the sale, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 513,986 shares of company stock worth $32,124,432 over the last 90 days. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. Wall Street Zen raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Morgan Stanley set a $70.00 target price on Freeport-McMoRan in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $68.00 price target on shares of Freeport-McMoRan in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Freeport-McMoRan has an average rating of “Moderate Buy” and a consensus target price of $59.35.

Freeport-McMoRan Price Performance

NYSE:FCX opened at $62.01 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $69.44. The stock’s 50-day moving average price is $55.59 and its 200-day moving average price is $46.68. The stock has a market capitalization of $89.03 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 0.74 and a beta of 1.47.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, topping 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 company had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. Freeport-McMoRan’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal 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 given a dividend of $0.075 per share. The ex-dividend date was Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 19.87%.

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.