Vale S.A. $VALE Shares Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC boosted its position in Vale S.A. (NYSE:VALE) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,365 shares of the basic materials company’s stock after buying an additional 8,562 shares during the quarter. Oxbow Advisors LLC’s holdings in Vale were worth $4,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VALE. Banque Transatlantique SA acquired a new position in Vale in the 1st quarter worth $30,000. GAMMA Investing LLC lifted its holdings in Vale by 98.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock worth $40,000 after buying an additional 2,021 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Vale in the 1st quarter worth $41,000. Golden State Wealth Management LLC lifted its holdings in Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock worth $41,000 after buying an additional 2,713 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Vale in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Down 0.5%

VALE stock opened at $11.11 on Friday. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $11.33. The firm has a market cap of $50.43 billion, a PE ratio of 9.03 and a beta of 0.80. The firm has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $9.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The business had revenue of $8.80 billion during the quarter, compared to analyst estimates of $9.54 billion. Equities research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th were given a $0.3417 dividend. This represents a dividend yield of 740.0%. The ex-dividend date was Wednesday, August 13th. Vale’s dividend payout ratio is 59.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VALE. Clarkson Capital began coverage on shares of Vale in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $12.00 target price on the stock. Wells Fargo & Company upgraded shares of Vale to a “hold” rating in a research note on Wednesday, October 8th. UBS Group upped their target price on shares of Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley set a $11.50 target price on shares of Vale in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Vale from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.96.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.