Oaktree Capital Management LP Decreases Stock Position in Freeport-McMoRan Inc. $FCX
Oaktree Capital Management LP reduced its stake in Freeport-McMoRan Inc. by 8.9% in Q2, owning 1,996,075 shares worth $86.53 million. Freeport-McMoRan remains a significant holding, accounting for 1.5% of Oaktree's portfolio. Analysts have mixed ratings on FCX, with a consensus target price of $46.73. Freeport-McMoRan reported strong earnings, with a quarterly dividend of $0.15 per share. The stock opened at $44.66, with a market cap of $64.13 billion.
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