Oxbow Advisors LLC Has $4.84 Million Stock Holdings in Vale S.A. $VALE

Oxbow Advisors LLC raised its stake in Vale S.A. (NYSE:VALE) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC grew its stake in Vale by 8.5% in the 2nd quarter. Park Avenue Securities LLC now owns 13,935 shares of the basic materials company’s stock valued at $135,000 after buying an additional 1,087 shares during the last quarter. MAI Capital Management grew its stake in Vale by 5.1% in the 1st quarter. MAI Capital Management now owns 23,597 shares of the basic materials company’s stock valued at $235,000 after buying an additional 1,155 shares during the last quarter. Blue Trust Inc. grew its stake in Vale by 5.1% in the 1st quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company’s stock valued at $258,000 after buying an additional 1,248 shares during the last quarter. Ascent Group LLC grew its stake in Vale by 2.3% in the 2nd quarter. Ascent Group LLC now owns 61,364 shares of the basic materials company’s stock valued at $596,000 after buying an additional 1,396 shares during the last quarter. Finally, Moran Wealth Management LLC grew its stake in Vale by 2.7% in the 2nd quarter. Moran Wealth Management LLC now owns 58,834 shares of the basic materials company’s stock valued at $571,000 after buying an additional 1,537 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Vale to a “hold” rating in a research note on Wednesday, October 8th. Scotiabank upgraded shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 target price on the stock in a research note on Thursday, September 18th. Barclays raised their target price on shares of Vale from $13.70 to $13.80 and gave the company an “overweight” rating in a research note on Friday, October 10th. UBS Group raised their price target on shares of Vale from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vale from $15.00 to $13.50 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.96.

Vale Stock Performance

NYSE VALE opened at $11.11 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. The firm has a market capitalization of $50.43 billion, a price-to-earnings ratio of 9.03 and a beta of 0.80. The company’s fifty day moving average is $10.55 and its two-hundred day moving average is $9.90. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $11.33.

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

Vale Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.3417 per share. This represents a dividend yield of 740.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Vale’s dividend payout ratio (DPR) is presently 59.35%.

Vale Company 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.