Roman Butler Fullerton & Co. Sells 1,733 Shares of Freeport-McMoRan Inc. (NYSE:FCX)

Roman Butler Fullerton & Co. decreased its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,935 shares of the natural resource company’s stock after selling 1,733 shares during the period. Roman Butler Fullerton & Co.’s holdings in Freeport-McMoRan were worth $591,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new position in shares of Freeport-McMoRan during the first quarter worth approximately $26,000. Bruce G. Allen Investments LLC bought a new position in shares of Freeport-McMoRan during the fourth quarter worth approximately $27,000. KB Financial Partners LLC bought a new position in shares of Freeport-McMoRan during the first quarter worth approximately $26,000. Retirement Group LLC increased its stake in shares of Freeport-McMoRan by 97.1% during the second quarter. Retirement Group LLC now owns 670 shares of the natural resource company’s stock worth $27,000 after purchasing an additional 330 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in shares of Freeport-McMoRan during the fourth quarter worth approximately $28,000. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Trading Up 1.2 %

NYSE:FCX traded up $0.59 during trading hours on Thursday, hitting $50.41. 3,602,085 shares of the company were exchanged, compared to its average volume of 13,560,813. The stock has a market capitalization of $72.31 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04. The company has a current ratio of 2.42, a quick ratio of 1.38 and a debt-to-equity ratio of 0.32. Freeport-McMoRan Inc. has a one year low of $32.83 and a one year high of $52.42. The company has a fifty day simple moving average of $43.08 and a 200 day simple moving average of $39.75.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Wednesday, January 24th. The natural resource company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Freeport-McMoRan had a return on equity of 8.41% and a net margin of 8.09%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that Freeport-McMoRan Inc. will post 1.6 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, April 12th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 23.62%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FCX. Scotiabank increased their target price on Freeport-McMoRan from $48.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 9th. Sanford C. Bernstein raised Freeport-McMoRan from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $48.50 in a report on Monday, January 8th. Bank of America raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, April 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $55.00 price objective on shares of Freeport-McMoRan in a report on Thursday, January 25th. Finally, Raymond James raised their price objective on Freeport-McMoRan from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.54.

Freeport-McMoRan Profile

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