Vale S.A. (NYSE:VALE) Shares Acquired by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC boosted its position in shares of Vale S.A. (NYSE:VALE) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,137,196 shares of the basic materials company’s stock after purchasing an additional 116,556 shares during the period. Vale comprises about 11.9% of Oaktree Fund Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Oaktree Fund Advisors LLC’s holdings in Vale were worth $12,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Vale by 12.5% in the second quarter. Thrivent Financial for Lutherans now owns 551,760 shares of the basic materials company’s stock valued at $6,163,000 after acquiring an additional 61,370 shares during the last quarter. Sei Investments Co. increased its holdings in Vale by 6.5% during the 2nd quarter. Sei Investments Co. now owns 1,497,507 shares of the basic materials company’s stock valued at $16,727,000 after purchasing an additional 91,388 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Vale by 59.1% during the 2nd quarter. Pacer Advisors Inc. now owns 175,683 shares of the basic materials company’s stock valued at $1,962,000 after purchasing an additional 65,247 shares in the last quarter. Herr Investment Group LLC bought a new position in Vale in the 2nd quarter valued at $8,293,000. Finally, MQS Management LLC boosted its stake in Vale by 91.0% in the second quarter. MQS Management LLC now owns 77,188 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 36,768 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Vale Stock Performance

VALE stock opened at $10.39 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Vale S.A. has a twelve month low of $9.66 and a twelve month high of $16.08. The business’s fifty day moving average is $10.52 and its 200-day moving average is $11.52. The company has a market cap of $46.58 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 3.48 and a beta of 0.93.

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

Vale Increases Dividend

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

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.