Oxbow Advisors LLC Sells 234,167 Shares of Vale S.A. $VALE

Oxbow Advisors LLC cut its stake in Vale S.A. (NYSE:VALE) by 42.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 312,615 shares of the basic materials company’s stock after selling 234,167 shares during the quarter. Oxbow Advisors LLC’s holdings in Vale were worth $4,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in Vale by 2,239.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after buying an additional 39,818,066 shares in the last quarter. Capital World Investors raised its position in shares of Vale by 58.2% during the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after buying an additional 32,864,929 shares in the last quarter. GQG Partners LLC raised its position in shares of Vale by 42.4% during the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after buying an additional 19,397,396 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Vale by 15,202.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock worth $249,209,000 after acquiring an additional 15,561,279 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after acquiring an additional 9,103,727 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of Vale in a research report on Friday, May 15th. Morgan Stanley upped their price objective on Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. UBS Group raised their price objective on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $19.00 in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

Vale Price Performance

VALE stock opened at $14.97 on Friday. The firm has a market cap of $67.97 billion, a P/E ratio of 22.35 and a beta of 0.46. The firm’s fifty day moving average is $15.98 and its 200 day moving average is $15.64. Vale S.A. has a 52 week low of $9.36 and a 52 week high of $17.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The business had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Research analysts predict that Vale S.A. will post 2.15 earnings per share for the current year.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.