NEOS Investment Management LLC Has $14.71 Million Stock Position in Freeport-McMoRan Inc. $FCX

Posted by Francis Steltz on Sep 5th, 2026

NEOS Investment Management LLC grew its stake in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 13.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 233,938 shares of the natural resource company’s stock after buying an additional 27,763 shares during the period. NEOS Investment Management LLC’s holdings in Freeport-McMoRan were worth $14,712,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Freeport-McMoRan by 34.5% in the first quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock valued at $62,478,000 after buying an additional 272,726 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Freeport-McMoRan in the fourth quarter valued at $8,857,000. Franklin Resources Inc. lifted its stake in shares of Freeport-McMoRan by 31.2% in the fourth quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock valued at $1,897,202,000 after buying an additional 8,891,743 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Freeport-McMoRan by 205.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 317,429 shares of the natural resource company’s stock valued at $16,122,000 after buying an additional 213,477 shares during the last quarter. Finally, Applied Finance Capital Management LLC purchased a new position in shares of Freeport-McMoRan during the fourth quarter valued at approximately $868,000. Institutional investors own 80.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FCX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freeport-McMoRan in a research report on Friday, May 15th. Morgan Stanley upped their price objective on shares of Freeport-McMoRan from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group increased their price target on shares of Freeport-McMoRan from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Sanford C. Bernstein increased their price objective on Freeport-McMoRan from $53.50 to $58.50 and gave the stock a “market perform” rating in a research report on Wednesday, June 10th. Finally, Citigroup restated a “positive” rating on shares of Freeport-McMoRan in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.27.

Check Out Our Latest Research Report on Freeport-McMoRan

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $72.66 on Friday. The company’s fifty day moving average price is $66.40 and its 200-day moving average price is $64.37. The firm has a market capitalization of $104.34 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 0.71 and a beta of 1.41. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $80.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the company posted $0.54 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Freeport-McMoRan Inc. will post 2.81 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 14.78%.

Insider Transactions at Freeport-McMoRan

In other news, EVP Douglas Currault, II sold 80,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the transaction, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. This represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Higgins sold 14,277 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the transaction, the chief accounting officer owned 54,618 shares in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 110,398 shares of company stock worth $8,387,271. 0.73% of the stock is currently owned by company insiders.

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.