ExodusPoint Capital Management LP Buys 430,331 Shares of Vale S.A. (NYSE:VALE)

ExodusPoint Capital Management LP raised its position in Vale S.A. (NYSE:VALE - Free Report) by 23.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,286,577 shares of the basic materials company's stock after buying an additional 430,331 shares during the period. ExodusPoint Capital Management LP owned about 0.05% of Vale worth $20,282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of Vale by 274.4% during the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company's stock worth $1,915,000 after buying an additional 119,061 shares during the period. Quantbot Technologies LP boosted its stake in Vale by 229.1% in the third quarter. Quantbot Technologies LP now owns 26,104 shares of the basic materials company's stock valued at $305,000 after acquiring an additional 18,172 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Vale during the 3rd quarter worth $1,126,000. Flow Traders U.S. LLC bought a new stake in shares of Vale during the 3rd quarter valued at $369,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vale in the 3rd quarter valued at $28,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VALE. Jefferies Financial Group dropped their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, January 6th. StockNews.com assumed coverage on Vale in a research note on Wednesday, April 2nd. They issued a "hold" rating for the company. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, Scotiabank reduced their price target on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $12.86.

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Vale Stock Up 7.2 %

Shares of Vale stock traded up $0.60 on Wednesday, hitting $8.86. The company had a trading volume of 87,776,960 shares, compared to its average volume of 30,482,230. The stock has a 50-day moving average of $9.64 and a 200-day moving average of $9.81. 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 twelve month low of $8.06 and a twelve month high of $13.14. The firm has a market capitalization of $40.19 billion, a P/E ratio of 6.15, a P/E/G ratio of 0.31 and a beta of 0.73.

Vale (NYSE:VALE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.3758 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale's dividend payout ratio (DPR) is presently 52.08%.

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.