Freeport-McMoRan Inc. (NYSE:FCX) Shares Sold by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. trimmed its holdings in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 89.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,500 shares of the natural resource company's stock after selling 98,983 shares during the period. Verde Servicos Internacionais S.A.'s holdings in Freeport-McMoRan were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FCX. Deane Retirement Strategies Inc. lifted its stake in shares of Freeport-McMoRan by 0.4% in the third quarter. Deane Retirement Strategies Inc. now owns 47,144 shares of the natural resource company's stock worth $2,357,000 after buying an additional 201 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of Freeport-McMoRan by 1.0% in the third quarter. Koshinski Asset Management Inc. now owns 20,777 shares of the natural resource company's stock worth $1,037,000 after buying an additional 214 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of Freeport-McMoRan by 5.2% in the third quarter. Trust Co. of Vermont now owns 4,577 shares of the natural resource company's stock worth $228,000 after buying an additional 228 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Freeport-McMoRan by 2.0% in the third quarter. Fidelis Capital Partners LLC now owns 11,681 shares of the natural resource company's stock worth $560,000 after buying an additional 231 shares in the last quarter. Finally, Prospera Private Wealth LLC lifted its stake in shares of Freeport-McMoRan by 4.4% in the third quarter. Prospera Private Wealth LLC now owns 5,548 shares of the natural resource company's stock worth $277,000 after buying an additional 234 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Stock Down 2.5 %

Shares of FCX stock traded down $0.92 during trading on Tuesday, reaching $35.75. The company's stock had a trading volume of 10,960,689 shares, compared to its average volume of 14,502,070. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.33 and a quick ratio of 1.30. The company has a market capitalization of $51.36 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.39 and a beta of 1.87. The stock's 50-day moving average price is $40.67 and its 200 day moving average price is $43.74. 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 announced its quarterly earnings data on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%. On average, research analysts anticipate that Freeport-McMoRan Inc. will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FCX shares. JPMorgan Chase & Co. decreased 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 note on Thursday, January 16th. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $51.00 to $46.00 in a research note on Tuesday, January 7th. BMO Capital Markets reduced their target price on shares of Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday. Jefferies Financial Group downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating and reduced their target price for the stock from $48.00 to $40.00 in a research note on Friday. Finally, Raymond James lifted their target price on shares of Freeport-McMoRan from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.