Stevens Capital Management LP Purchases 20,213 Shares of Freeport-McMoRan Inc. (NYSE:FCX)

Stevens Capital Management LP lifted its position in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 421.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,005 shares of the natural resource company's stock after acquiring an additional 20,213 shares during the quarter. Stevens Capital Management LP's holdings in Freeport-McMoRan were worth $952,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FCX. Asset Planning Inc bought a new stake in Freeport-McMoRan during the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of Freeport-McMoRan during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC lifted its holdings in Freeport-McMoRan by 487.8% during the 4th quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company's stock worth $28,000 after purchasing an additional 600 shares in the last quarter. Roxbury Financial LLC bought a new position in Freeport-McMoRan in the 4th quarter worth about $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Freeport-McMoRan during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 80.77% of the company's stock.

Freeport-McMoRan Price Performance

FCX traded down $1.50 during midday trading on Thursday, hitting $39.99. The stock had a trading volume of 17,997,694 shares, compared to its average volume of 12,999,118. Freeport-McMoRan Inc. has a 1 year low of $33.98 and a 1 year high of $55.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42. The business has a fifty day moving average of $38.18 and a 200 day moving average of $41.98. The company has a market cap of $57.47 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.87.

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Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share (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, equities analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal 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 issued 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 1.50%. Freeport-McMoRan's dividend payout ratio is currently 23.26%.

Analysts Set New Price Targets

FCX has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of Freeport-McMoRan from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $48.00 to $52.00 in a research note on Thursday, March 20th. StockNews.com lowered shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Sanford C. Bernstein downgraded Freeport-McMoRan from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $51.00 to $46.00 in a research report on Tuesday, January 7th. Finally, Argus cut Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has an average rating of "Moderate Buy" and an average target price of $52.04.

About Freeport-McMoRan

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.