Wealth Enhancement Advisory Services LLC Boosts Stock Position in Freeport-McMoRan Inc. $FCX

Wealth Enhancement Advisory Services LLC raised its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 40.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,015 shares of the natural resource company’s stock after purchasing an additional 100,734 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Freeport-McMoRan were worth $17,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FCX. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Freeport-McMoRan during the 3rd quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Freeport-McMoRan during the second quarter valued at about $28,000. Salomon & Ludwin LLC increased its holdings in Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Freeport-McMoRan during the third quarter worth about $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Freeport-McMoRan in the third quarter worth about $36,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Board declares quarterly cash dividend of $0.15/share (base $0.075 + variable $0.075) payable May 1 to holders of record April 15; variable component signals management confidence in cash flow and can lift income-focused demand. Freeport Declares Quarterly Cash Dividends on Common Stock
• Positive Sentiment: Industrial metals prices are rising after reports the U.S. is pushing a diplomatic effort to end the Middle East war; higher commodity prices typically support Freeport’s revenue and margins. Industrial metals rise as U.S. launches diplomatic push to end Middle East war
• Positive Sentiment: Brokerage coverage remains constructive—FCX has been given an average rating of “Moderate Buy,” supporting investor interest and buy-side flows. Freeport-McMoRan Given Average Rating of “Moderate Buy”
• Positive Sentiment: Analyst/commentary pieces frame recent pullbacks as buying opportunities (e.g., “The Drawdown Is A Gift”), which can encourage accumulation from value-oriented investors. The Drawdown Is A Gift
• Neutral Sentiment: Market wrap pieces note FCX has outperformed the broader market in recent sessions; useful for momentum context but largely descriptive rather than catalyst-driven. Freeport-McMoRan Outperforms Broader Market
• Negative Sentiment: Ongoing geopolitical risk (Iran/Middle East war) has previously pressured FCX and is cited as a reason the stock is viewed as a “fallen angel” by some—re-escalation could quickly reverse recent gains. FCX among ‘fallen angel’ stocks impacted by Iran war

Freeport-McMoRan Stock Performance

NYSE FCX opened at $57.12 on Thursday. The company’s 50 day moving average is $61.47 and its 200-day moving average is $50.53. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $69.75. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The firm has a market cap of $82.09 billion, a P/E ratio of 37.83, a price-to-earnings-growth ratio of 0.66 and a beta of 1.41.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the firm earned $0.31 EPS. Freeport-McMoRan’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 19.87%.

Insider Transactions at Freeport-McMoRan

In other news, Chairman Richard C. Adkerson sold 248,031 shares of Freeport-McMoRan stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $62.80, for a total value of $15,576,346.80. Following the completion of the transaction, the chairman directly owned 3,509,119 shares in the company, valued at approximately $220,372,673.20. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 29,654 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $63.00, for a total value of $1,868,202.00. Following the sale, the chief accounting officer owned 76,445 shares in the company, valued at approximately $4,816,035. The trade was a 27.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 565,145 shares of company stock valued at $35,839,918. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on FCX. UBS Group boosted their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Argus raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, February 13th. Scotiabank upped their price objective on Freeport-McMoRan from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average price target of $62.59.

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.