Catalina Capital Group LLC Sells 542 Shares of Freeport-McMoRan Inc. (NYSE:FCX)

Catalina Capital Group LLC lessened its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,114 shares of the natural resource company’s stock after selling 542 shares during the period. Catalina Capital Group LLC’s holdings in Freeport-McMoRan were worth $233,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in Freeport-McMoRan in the 3rd quarter valued at approximately $25,000. Laurel Wealth Advisors LLC raised its stake in shares of Freeport-McMoRan by 487.8% in the fourth 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 in the last quarter. Godsey & Gibb Inc. raised its stake in shares of Freeport-McMoRan by 150.4% in the third 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 in the last quarter. Continuum Advisory LLC lifted its position in Freeport-McMoRan by 46.8% in the third quarter. Continuum Advisory LLC now owns 740 shares of the natural resource company’s stock worth $37,000 after purchasing an additional 236 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Freeport-McMoRan by 194.4% during the fourth quarter. Versant Capital Management Inc now owns 1,042 shares of the natural resource company’s stock worth $40,000 after buying an additional 688 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Price Performance

Shares of FCX stock opened at $35.86 on Tuesday. The stock’s fifty day moving average is $39.89 and its 200-day moving average is $43.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42. Freeport-McMoRan Inc. has a 52 week low of $34.89 and a 52 week high of $55.24. The stock has a market capitalization of $51.53 billion, a PE ratio of 27.80, a PEG ratio of 0.85 and a beta of 1.87.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data 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 net margin of 7.42% and a return on equity of 7.50%. Equities research analysts expect that Freeport-McMoRan Inc. will post 1.75 EPS for the current fiscal year.

Analyst Ratings Changes

FCX has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Scotiabank cut their price target on shares of Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Raymond James upped their price objective on Freeport-McMoRan from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Argus downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Friday. Finally, BMO Capital Markets lowered their price target on Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus price target of $51.46.

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.