Trexquant Investment LP Has $8.32 Million Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Trexquant Investment LP lifted its position in shares of Southern Copper Co. (NYSE:SCCO - Free Report) by 456.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 91,284 shares of the basic materials company's stock after purchasing an additional 74,894 shares during the quarter. Trexquant Investment LP's holdings in Southern Copper were worth $8,319,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc. purchased a new stake in Southern Copper during the 4th quarter worth $30,000. Deseret Mutual Benefit Administrators increased its position in shares of Southern Copper by 210.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after acquiring an additional 257 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Spire Wealth Management purchased a new position in Southern Copper in the fourth quarter valued at about $47,000. Finally, Larson Financial Group LLC boosted its holdings in Southern Copper by 28.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Southern Copper Stock Up 11.7 %

Southern Copper stock traded up $8.87 during trading hours on Wednesday, hitting $84.50. The company had a trading volume of 2,247,698 shares, compared to its average volume of 1,215,224. Southern Copper Co. has a fifty-two week low of $74.84 and a fifty-two week high of $127.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a market capitalization of $67.28 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The firm's fifty day moving average is $92.39 and its 200-day moving average is $99.56.

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Southern Copper (NYSE:SCCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. On average, research analysts forecast that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's dividend payout ratio (DPR) is presently 64.81%.

Analyst Ratings Changes

Several brokerages have issued reports on SCCO. UBS Group upgraded Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price objective on the stock in a research note on Thursday, March 13th. Scotiabank raised their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a research note on Monday, March 10th. Finally, Morgan Stanley upgraded shares of Southern Copper from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $94.42.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.