HBK Investments L P lowered its position in shares of Freeport-McMoRan Inc (NYSE:FCX) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,190,628 shares of the natural resource company’s stock after selling 41,251 shares during the period. HBK Investments L P’s holdings in Freeport-McMoRan were worth $22,574,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in Freeport-McMoRan during the fourth quarter valued at approximately $131,000. Thompson Davis & CO. Inc. lifted its holdings in Freeport-McMoRan by 756.8% during the fourth quarter. Thompson Davis & CO. Inc. now owns 9,348 shares of the natural resource company’s stock valued at $177,000 after purchasing an additional 8,257 shares in the last quarter. Ballew Advisors Inc purchased a new position in Freeport-McMoRan during the fourth quarter valued at approximately $190,000. Sowell Financial Services LLC purchased a new position in Freeport-McMoRan during the fourth quarter valued at approximately $196,000. Finally, Belpointe Asset Management LLC purchased a new position in Freeport-McMoRan during the third quarter valued at approximately $150,000. 69.84% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP C Donald Whitmire, Jr. sold 21,500 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $19.49, for a total value of $419,035.00. Following the sale, the vice president now owns 70,239 shares in the company, valued at $1,368,958.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.29% of the company’s stock.
Shares of Freeport-McMoRan Inc (NYSE:FCX) opened at $18.43 on Monday. Freeport-McMoRan Inc has a 1 year low of $11.05 and a 1 year high of $20.25. The firm has a market cap of $26,683.77, a price-to-earnings ratio of 14.86 and a beta of 2.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.14 and a quick ratio of 1.37.
Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, January 25th. The natural resource company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. Freeport-McMoRan had a net margin of 11.08% and a return on equity of 16.57%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. Freeport-McMoRan’s quarterly revenue was up 15.2% on a year-over-year basis. analysts forecast that Freeport-McMoRan Inc will post 2.31 EPS for the current fiscal year.
Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
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