Foundation Resource Management Has Lowered Its Freeport (FCX) Holding; West Family Investments Has Boosted Conocophillips (COP) Position

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Foundation Resource Management Inc decreased Freeport (FCX) stake by 28.25% reported in 2017Q4 SEC filing. Foundation Resource Management Inc sold 128,636 shares as Freeport (FCX)’s stock declined 4.75%. The Foundation Resource Management Inc holds 326,646 shares with $6.19M value, down from 455,282 last quarter. Freeport now has $21.88 billion valuation. The stock increased 1.07% or $0.16 during the last trading session, reaching $15.11. About 20.46 million shares traded or 7.03% up from the average. Freeport-McMoRan Inc. (NYSE:FCX) has risen 41.20% since May 3, 2017 and is uptrending. It has outperformed by 29.65% the S&P500.

West Family Investments Inc increased Conocophillips (COP) stake by 2780% reported in 2017Q4 SEC filing. West Family Investments Inc acquired 6,950 shares as Conocophillips (COP)’s stock rose 6.56%. The West Family Investments Inc holds 7,200 shares with $395,000 value, up from 250 last quarter. Conocophillips now has $76.58B valuation. The stock decreased 0.40% or $0.26 during the last trading session, reaching $65.45. About 6.81M shares traded. ConocoPhillips (NYSE:COP) has risen 33.53% since May 3, 2017 and is uptrending. It has outperformed by 21.98% the S&P500.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It dived, as 77 investors sold FCX shares while 205 reduced holdings. 78 funds opened positions while 182 raised stakes. 989.88 million shares or 2.99% more from 961.13 million shares in 2017Q3 were reported. Sumitomo Mitsui Trust Holding stated it has 0.11% in Freeport-McMoRan Inc. (NYSE:FCX). 318,624 are held by Stoneridge Invest Prns Lc. Principal Financial Grp holds 3.28M shares. 17,640 are owned by Two Sigma Secs Ltd Llc. Berkshire Asset Mgmt Limited Liability Company Pa accumulated 20,699 shares or 0.04% of the stock. Moreover, Bancshares Of Montreal Can has 0.02% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 1.45 million shares. First Personal Svcs invested in 43,935 shares. Stone Ridge Asset stated it has 0.11% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Bessemer Group Inc reported 0% in Freeport-McMoRan Inc. (NYSE:FCX). Lpl Fin Ltd Llc accumulated 448,649 shares. 3,600 are owned by Hartford Finance Mngmt Inc. Putnam Investments Ltd Liability Co reported 1.24 million shares stake. Moreover, Thompson Davis has 0.42% invested in Freeport-McMoRan Inc. (NYSE:FCX). Bnp Paribas Arbitrage owns 802,044 shares. Ajo Limited Partnership stated it has 0% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX).

Among 24 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 14 Hold. Therefore 21% are positive. Freeport-McMoran Copper & Gold has $29 highest and $5 lowest target. $17.05’s average target is 12.84% above currents $15.11 stock price. Freeport-McMoran Copper & Gold had 105 analyst reports since July 28, 2015 according to SRatingsIntel. Bank of America reinitiated the shares of FCX in report on Monday, October 17 with “Underperform” rating. The company was maintained on Friday, September 25 by RBC Capital Markets. The firm earned “Sell” rating on Friday, July 21 by Berenberg. The company was maintained on Wednesday, June 28 by RBC Capital Markets. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Sector Perform” rating by RBC Capital Markets on Monday, January 25. The firm has “Market Perform” rating given on Wednesday, July 26 by BMO Capital Markets. On Wednesday, November 30 the stock rating was downgraded by Berenberg to “Sell”. The firm earned “Hold” rating on Thursday, November 17 by Deutsche Bank. The stock has “Hold” rating by RBC Capital Markets on Tuesday, October 10. Berenberg downgraded Freeport-McMoRan Inc. (NYSE:FCX) on Wednesday, July 12 to “Sell” rating.

Since January 31, 2018, it had 0 insider buys, and 1 sale for $419,125 activity. $419,125 worth of Freeport-McMoRan Inc. (NYSE:FCX) was sold by WHITMIRE C DONALD JR.

Investors sentiment increased to 0.72 in Q4 2017. Its up 0.09, from 0.63 in 2017Q3. It increased, as 42 investors sold COP shares while 534 reduced holdings. 121 funds opened positions while 296 raised stakes. 805.62 million shares or 1.13% less from 814.86 million shares in 2017Q3 were reported. First Republic Mngmt has invested 0.13% in ConocoPhillips (NYSE:COP). Mason Street Limited Liability Corp has invested 0.21% in ConocoPhillips (NYSE:COP). Stifel Financial Corp holds 0.11% or 643,458 shares. City Fl invested 0.42% of its portfolio in ConocoPhillips (NYSE:COP). 78,924 were reported by Farmers. Moreover, First Eagle Inv Mngmt Limited Liability Corp has 1.47% invested in ConocoPhillips (NYSE:COP). Logan Cap Management has 34,652 shares. Bb&T owns 89,531 shares for 0.09% of their portfolio. Moreover, Invsts Asset Management Of Georgia Ga Adv has 0.57% invested in ConocoPhillips (NYSE:COP) for 14,732 shares. Regions Fincl holds 0.08% or 128,141 shares. Orleans Capital Management La invested 1.11% in ConocoPhillips (NYSE:COP). Impax Asset Management Ltd Liability Company reported 238,415 shares. Folger Nolan Fleming Douglas Management has 0.05% invested in ConocoPhillips (NYSE:COP) for 6,159 shares. 1832 Asset Mgmt Ltd Partnership invested in 0.03% or 143,132 shares. Finance Architects has 0.05% invested in ConocoPhillips (NYSE:COP).

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart