Representative Bruce Westerman (R-Arkansas) recently bought shares of Freeport-McMoRan Inc. NYSE: FCX. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Freeport-McMoRan stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.
Representative Bruce Westerman also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
- Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
- Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
- Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
- Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
- Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.
Freeport-McMoRan Stock Performance
Shares of NYSE FCX traded up $0.03 during trading on Monday, hitting $32.93. The company had a trading volume of 11,414,737 shares, compared to its average volume of 13,877,371. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $55.24. The firm has a market capitalization of $47.32 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. The stock has a 50 day simple moving average of $36.66 and a 200 day simple moving average of $40.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42.
Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. As a group, analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.
Freeport-McMoRan Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. Freeport-McMoRan's dividend payout ratio (DPR) is 23.26%.
Institutional Trading of Freeport-McMoRan
A number of hedge funds have recently added to or reduced their stakes in FCX. Coppell Advisory Solutions LLC grew its stake in Freeport-McMoRan by 47.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock valued at $32,000 after acquiring an additional 268 shares during the period. PFG Investments LLC increased its holdings in shares of Freeport-McMoRan by 1.3% during the 4th quarter. PFG Investments LLC now owns 22,910 shares of the natural resource company's stock worth $872,000 after buying an additional 283 shares during the last quarter. Palogic Value Management L.P. raised its position in Freeport-McMoRan by 1.5% in the fourth quarter. Palogic Value Management L.P. now owns 20,277 shares of the natural resource company's stock valued at $772,000 after purchasing an additional 292 shares during the period. SeaCrest Wealth Management LLC lifted its position in Freeport-McMoRan by 1.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 19,104 shares of the natural resource company's stock valued at $727,000 after buying an additional 307 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Freeport-McMoRan by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 36,514 shares of the natural resource company's stock worth $1,451,000 after acquiring an additional 309 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on FCX. Wolfe Research raised Freeport-McMoRan from a "peer perform" rating to an "outperform" rating and set a $39.00 price objective on the stock in a research note on Wednesday, April 16th. Argus downgraded Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Raymond James raised their price objective on Freeport-McMoRan from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. UBS Group lowered their target price on Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Scotiabank lowered their target price on shares of Freeport-McMoRan from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has an average rating of "Moderate Buy" and an average target price of $48.39.
Read Our Latest Stock Analysis on Freeport-McMoRan
About Representative Westerman
Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election.
Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.
About Freeport-McMoRan
(
Get Free Report)
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.
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