Hantz Financial Services Inc. Sells 506 Shares of Freeport-McMoRan Inc. (NYSE:FCX)

Hantz Financial Services Inc. trimmed its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,128 shares of the natural resource company’s stock after selling 506 shares during the period. Hantz Financial Services Inc.’s holdings in Freeport-McMoRan were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Foster Victor Wealth Advisors LLC boosted its stake in shares of Freeport-McMoRan by 17.9% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 297,725 shares of the natural resource company’s stock valued at $11,975,000 after purchasing an additional 45,289 shares in the last quarter. R Squared Ltd purchased a new stake in Freeport-McMoRan during the fourth quarter worth $206,000. Twelve Points Wealth Management LLC boosted its position in Freeport-McMoRan by 9.1% during the 4th quarter. Twelve Points Wealth Management LLC now owns 44,313 shares of the natural resource company’s stock valued at $1,687,000 after acquiring an additional 3,680 shares in the last quarter. Foster Group Inc. increased its holdings in shares of Freeport-McMoRan by 1.2% in the 4th quarter. Foster Group Inc. now owns 32,529 shares of the natural resource company’s stock valued at $1,239,000 after acquiring an additional 379 shares during the period. Finally, Signature Wealth Management Partners LLC raised its position in shares of Freeport-McMoRan by 16.4% in the 4th quarter. Signature Wealth Management Partners LLC now owns 7,100 shares of the natural resource company’s stock worth $270,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Analyst Upgrades and Downgrades

FCX has been the topic of several analyst reports. Scotiabank cut their target price on Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $48.00 to $40.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. BMO Capital Markets cut 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. Finally, Sanford C. Bernstein lowered Freeport-McMoRan from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $51.00 to $46.00 in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.46.

Freeport-McMoRan Trading Up 0.9 %

Freeport-McMoRan stock opened at $36.62 on Friday. The stock has a 50-day moving average price of $40.22 and a 200 day moving average price of $43.54. The company has a market capitalization of $52.62 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.87. Freeport-McMoRan Inc. has a 52 week low of $35.46 and a 52 week high of $55.24. The company has a quick ratio of 1.30, a current ratio of 2.33 and a debt-to-equity ratio of 0.31.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%. Sell-side analysts anticipate that Freeport-McMoRan Inc. will post 1.42 EPS for the current year.

Freeport-McMoRan 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.