ING Groep NV lifted its position in Freeport-McMoRan Inc (NYSE:FCX) by 93.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 342,550 shares of the natural resource company’s stock after buying an additional 165,351 shares during the quarter. ING Groep NV’s holdings in Freeport-McMoRan were worth $6,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FCX. Bank of New York Mellon Corp lifted its holdings in Freeport-McMoRan by 18.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,292,902 shares of the natural resource company’s stock worth $341,073,000 after purchasing an additional 3,724,271 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Freeport-McMoRan by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,110,654 shares of the natural resource company’s stock worth $170,081,000 after purchasing an additional 589,638 shares during the last quarter. BT Investment Management Ltd lifted its holdings in Freeport-McMoRan by 6.4% in the 3rd quarter. BT Investment Management Ltd now owns 8,402,905 shares of the natural resource company’s stock worth $118,048,000 after purchasing an additional 507,722 shares during the last quarter. Contrarius Investment Management Ltd lifted its holdings in Freeport-McMoRan by 74.3% in the 3rd quarter. Contrarius Investment Management Ltd now owns 6,176,460 shares of the natural resource company’s stock worth $86,717,000 after purchasing an additional 2,633,409 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Freeport-McMoRan by 1.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,061,699 shares of the natural resource company’s stock worth $114,930,000 after purchasing an additional 97,798 shares during the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

In other news, VP C Donald Whitmire, Jr. sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $19.49, for a total transaction of $419,035.00. Following the sale, the vice president now directly owns 70,239 shares in the company, valued at $1,368,958.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.29% of the company’s stock.

Several equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Freeport-McMoRan in a report on Wednesday, November 1st. TheStreet upgraded Freeport-McMoRan from a “c” rating to a “b-” rating in a report on Thursday, January 25th. Stifel Nicolaus boosted their target price on Freeport-McMoRan from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday. Bank of America restated an “underperform” rating and issued a $16.00 target price (up from $15.00) on shares of Freeport-McMoRan in a report on Friday, January 26th. Finally, Royal Bank of Canada set a $14.00 target price on Freeport-McMoRan and gave the stock a “hold” rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.13.

Shares of Freeport-McMoRan Inc (FCX) opened at $17.86 on Thursday. The stock has a market capitalization of $27,127.84, a P/E ratio of 14.40 and a beta of 2.50. The company has a current ratio of 2.14, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. Freeport-McMoRan Inc has a 1 year low of $11.05 and a 1 year high of $20.25.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 25th. The natural resource company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Freeport-McMoRan had a return on equity of 16.57% and a net margin of 11.08%. Freeport-McMoRan’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. analysts predict that Freeport-McMoRan Inc will post 2.12 EPS for the current year.

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Freeport-McMoRan 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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