U.S. Capital Wealth Advisors LLC Has $8.89 Million Stock Holdings in Freeport-McMoRan Inc. (NYSE:FCX)

U.S. Capital Wealth Advisors LLC grew its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,490 shares of the natural resource company's stock after acquiring an additional 13,080 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Freeport-McMoRan were worth $8,891,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Matrix Trust Co bought a new position in shares of Freeport-McMoRan in the 3rd quarter worth about $25,000. Laurel Wealth Advisors LLC lifted its position in Freeport-McMoRan by 487.8% in the 4th quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company's stock valued at $28,000 after purchasing an additional 600 shares during the last quarter. Godsey & Gibb Inc. lifted its position in Freeport-McMoRan by 150.4% in the 3rd quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company's stock valued at $29,000 after purchasing an additional 346 shares during the last quarter. Continuum Advisory LLC lifted its position in Freeport-McMoRan by 46.8% in the 3rd quarter. Continuum Advisory LLC now owns 740 shares of the natural resource company's stock valued at $37,000 after purchasing an additional 236 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Freeport-McMoRan by 194.4% in the 4th quarter. Versant Capital Management Inc now owns 1,042 shares of the natural resource company's stock valued at $40,000 after purchasing an additional 688 shares during the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Trading Down 2.3 %

Shares of Freeport-McMoRan stock traded down $0.83 during trading on Friday, hitting $35.81. The stock had a trading volume of 13,384,377 shares, compared to its average volume of 13,272,459. The stock has a 50 day simple moving average of $40.06 and a 200 day simple moving average of $43.39. The company has a market capitalization of $51.46 billion, a PE ratio of 27.76, a P/E/G ratio of 0.86 and a beta of 1.87. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. Freeport-McMoRan Inc. has a 1 year low of $35.46 and a 1 year high of $55.24.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last released its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Freeport-McMoRan had a return on equity of 7.50% and a net margin of 7.42%. On average, research analysts expect that Freeport-McMoRan Inc. will post 1.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FCX. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $51.00 to $46.00 in a research report on Tuesday, January 7th. BMO Capital Markets dropped their price target on shares of Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating and dropped their price target for the stock from $48.00 to $40.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of Freeport-McMoRan from $55.00 to $48.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Argus downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Freeport-McMoRan currently has a consensus rating of "Moderate Buy" and an average target price of $51.46.

Freeport-McMoRan Company Profile

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.