Rep. Marjorie Taylor Greene Buys Southern Copper Co. (NYSE:SCCO) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Southern Copper Co. (NYSE:SCCO). In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Southern Copper stock on January 8th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.

Southern Copper Price Performance

Shares of NYSE SCCO opened at $90.45 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The company has a market cap of $71.05 billion, a PE ratio of 23.29, a P/E/G ratio of 1.92 and a beta of 1.14. The stock has a fifty day moving average price of $96.95 and a 200 day moving average price of $103.13. Southern Copper Co. has a 1-year low of $77.42 and a 1-year high of $129.79.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be issued a $0.70 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s payout ratio is presently 72.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SCCO. Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Citigroup increased their target price on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Scotiabank reduced their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective on the stock in a report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Southern Copper has an average rating of “Hold” and an average price target of $94.81.

Institutional Trading of Southern Copper

A number of institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its position in shares of 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 last quarter. McClarren Financial Advisors Inc. lifted its stake in Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in Southern Copper during the 3rd quarter valued at $42,000. Prospera Private Wealth LLC purchased a new position in Southern Copper during the third quarter worth $47,000. Finally, Larson Financial Group LLC raised its holdings in shares of Southern Copper by 578.3% in the third quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 347 shares during the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

Southern Copper Company 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.