Expedia, Inc. (EXPE), Freeport-McMoRan Inc. (FCX)

Marco Green
September 13, 2017

Jefferies Group LLC reduced their target price on shares of Freeport-McMoran from $16.00 to $14.50 and set a "buy" rating on the stock in a report on Thursday, June 8th.

Flippin Bruce & Porter Inc. trimmed its position in Freeport-McMoran, Inc. During the same quarter in the previous year, the company earned ($0.02) earnings per share.

Other large investors have also recently made changes to their positions in the company. Wrapmanager Inc. now owns 44,895 shares of the natural resource company's stock valued at $592,000 after buying an additional 144 shares in the last quarter. The stock now has Monthly Volatility of 3.42% and Weekly Volatility of 4.00%. TSP Capital Management Group LLC's holdings in Freeport-McMoran were worth $3,646,000 at the end of the most recent quarter. First Manhattan Co. boosted its stake in shares of Freeport-McMoran by 0.3% during the 2nd quarter.

Albeit keeping a close eye on stock technical is very important, Investors always show anxiousness about where the stock might be heading. Sterling Invest Mgmt has invested 1.42% in Freeport-McMoRan Inc (NYSE:FCX). Outfitter Advisors LTD. acquired a new position in shares of Freeport-McMoran during the 2nd quarter valued at $121,000.

ILLEGAL ACTIVITY WARNING: "Flippin Bruce & Porter Inc". The company's market cap is $22.01 Billion.

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys increased Freeport (FCX) stake by 40.48% reported in 2016Q4 SEC filing. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and global copyright and trademark laws. (NYSE:FCX) opened at 14.30 on Wednesday.

Freeport-McMoRan Inc. (FCX) performance during the last one year upgraded 34.09 percent, while its year to date (YTD) performance showed a positive trend of 7.96 percent. The firm has a 50-day moving average of $14.64 and a 200 day moving average of $12.94. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.67 billion. Freeport-McMoran had a return on equity of 10.45% and a net margin of 5.97%. Freeport-McMoran's quarterly revenue was up 24.5% compared to the same quarter past year.

Several brokerages have recently issued reports on FCX. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $15.35 on company stock. Zacks Investment Research cut shares of Freeport-McMoran from a "hold" rating to a "sell" rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded Freeport-McMoran from a "buy" rating to a "hold" rating in a report on Monday, January 30th.

In other news, COO Harry M. Iv Conger bought 36,180 shares of the stock in a transaction on Thursday, September 7th.

Freeport-McMoRan Inc. (NYSE:FCX) has a beta of 2.54, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Following the acquisition, the chief operating officer now owns 73,943 shares in the company, valued at $1,126,151.89. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/09/13/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-freeport-mcmoran-fcx-share-price.html. (NYSE:FCX). At the time of writing, the First Call consensus price target for the company is $15.26. Sometimes, companies with strong fundamentals but with low annualized EPS of less than 4% or 5 % but analysts may talk about a huge turnaround in the earnings due to heavy order book. After this sale, 37,763 common shares of FCX are directly owned by the insider, with total stake valued at $543,410. 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 the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations.

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