Moody National Bank Trust Division Acquires New Position in Vale S.A. (NYSE:VALE)

Moody National Bank Trust Division bought a new position in shares of Vale S.A. (NYSE:VALE) during the 4th quarter, Holdings Channel.com reports. The fund bought 10,774 shares of the basic materials company’s stock, valued at approximately $96,000.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vale in the 3rd quarter valued at about $28,000. Point72 Hong Kong Ltd acquired a new stake in Vale in the 3rd quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vale in the 3rd quarter worth about $79,000. Vienna Asset Management LLC purchased a new stake in Vale during the third quarter worth approximately $117,000. Finally, Phillips Wealth Planners LLC acquired a new stake in Vale in the third quarter valued at approximately $118,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VALE has been the topic of several analyst reports. Barclays dropped their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. Jefferies Financial Group decreased their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Vale currently has a consensus rating of “Hold” and an average target price of $13.89.

Vale Trading Up 1.7 %

VALE stock opened at $8.77 on Thursday. The business has a fifty day moving average price of $9.43 and a 200 day moving average price of $10.31. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 4.06, a P/E/G ratio of 0.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $14.54.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The business had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period last year, the company earned $0.66 EPS. Analysts expect that Vale S.A. will post 2.08 EPS for the current fiscal year.

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.