XTX Topco Ltd Has $1.90 Million Holdings in Vale S.A. (NYSE:VALE)

XTX Topco Ltd trimmed its stake in shares of Vale S.A. (NYSE:VALE) by 27.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,439 shares of the basic materials company’s stock after selling 65,741 shares during the period. XTX Topco Ltd’s holdings in Vale were worth $1,904,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Versant Capital Management Inc bought a new position in Vale in the 1st quarter worth approximately $26,000. Pacifica Partners Inc. acquired a new stake in shares of Vale in the 2nd quarter valued at $27,000. Richardson Financial Services Inc. bought a new stake in shares of Vale during the fourth quarter worth $31,000. Lowe Wealth Advisors LLC acquired a new position in shares of Vale during the second quarter valued at $45,000. Finally, Founders Capital Management boosted its holdings in Vale by 111.1% in the first quarter. Founders Capital Management now owns 3,800 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 2,000 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Up 2.2 %

Shares of NYSE:VALE opened at $10.76 on Friday. The company has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $11.54. The company has a market capitalization of $48.24 billion, a PE ratio of 5.94, a PEG ratio of 3.48 and a beta of 0.93. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.97 billion. Analysts forecast that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th were issued a dividend of $0.3698 per share. This represents a dividend yield of 12.1%. The ex-dividend date was Monday, August 5th. This is a boost from Vale’s previous semi-annual dividend of $0.32. Vale’s payout ratio is 64.09%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VALE. Morgan Stanley dropped their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a report on Thursday. UBS Group dropped their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, July 5th. Wolfe Research cut shares of Vale from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 17th. Finally, BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has an average rating of “Moderate Buy” and a consensus target price of $16.72.

About Vale

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.