Provident Living Financial Services Inc. Acquires New Shares in Freeport-McMoRan Inc. $FCX

09 Apr 2026, 12:02 by Michael Walen · The Markets Daily

Provident Living Financial Services Inc. acquired a new stake in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 46,314 shares of the natural resource company’s stock, valued at approximately $2,352,000. Freeport-McMoRan comprises approximately 2.2% of Provident Living Financial Services Inc.’s holdings, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new position in Freeport-McMoRan in the 3rd quarter valued at approximately $25,000. Salomon & Ludwin LLC lifted its position in Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after acquiring an additional 687 shares in the last quarter. JPL Wealth Management LLC bought a new position in Freeport-McMoRan in the 3rd quarter valued at approximately $33,000. YANKCOM Partnership lifted its position in Freeport-McMoRan by 83.3% in the 4th quarter. YANKCOM Partnership now owns 869 shares of the natural resource company’s stock valued at $44,000 after acquiring an additional 395 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Freeport-McMoRan in the 3rd quarter valued at approximately $36,000. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Price Performance

NYSE FCX opened at $65.10 on Thursday. The business’s fifty day moving average price is $61.29 and its 200-day moving average price is $51.54. The stock has a market capitalization of $93.56 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 0.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. Freeport-McMoRan Inc. has a 1-year low of $28.95 and a 1-year high of $69.75.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

Wall Street Analyst Weigh In

FCX has been the topic of several analyst reports. HSBC upped their price objective on Freeport-McMoRan from $48.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Argus raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a research report on Friday, February 13th. Citigroup upped their price objective on Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, UBS Group lowered their price target on Freeport-McMoRan from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Check Out Our Latest Research Report on FCX

Insider Activity

In other news, CFO Maree E. Robertson sold 48,500 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $61.55, for a total value of $2,985,175.00. Following the completion of the sale, the chief financial officer directly owned 79,894 shares in the company, valued at $4,917,475.70. This represents a 37.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Stephen T. Higgins sold 29,654 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.00, for a total value of $1,868,202.00. Following the completion of the sale, the chief accounting officer owned 76,445 shares of the company’s stock, valued at $4,816,035. This trade represents a 27.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 565,145 shares of company stock worth $35,839,918. Insiders own 0.75% of the company’s stock.

Freeport-McMoRan Company Profile

(Free Report)

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.

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