Southern Copper Co. (NYSE:SCCO) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its position in Southern Copper Co. (NYSE:SCCO) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,725 shares of the basic materials company’s stock after acquiring an additional 1,458 shares during the period. Capital Advisors Inc. OK’s holdings in Southern Copper were worth $24,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its position in Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 141 shares during the period. McClarren Financial Advisors Inc. raised its position in Southern Copper by 169.2% in the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Oakworth Capital Inc. purchased a new stake in Southern Copper in the third quarter valued at $42,000. Prospera Private Wealth LLC purchased a new stake in Southern Copper in the third quarter valued at $47,000. Finally, Larson Financial Group LLC raised its holdings in shares of Southern Copper by 578.3% in the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after buying an additional 347 shares during the period. 7.94% of the stock is owned by institutional investors and hedge funds.

Southern Copper Stock Performance

SCCO opened at $92.09 on Wednesday. The business’s 50 day moving average is $95.68 and its 200-day moving average is $102.27. The stock has a market cap of $72.34 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a twelve month low of $77.42 and a twelve month high of $129.79.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, February 11th. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio is 72.09%.

Analyst Ratings Changes

Several research firms have recently issued reports on SCCO. Scotiabank lowered their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.81.

Southern Copper Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.