Vale S.A. (NYSE:VALE) Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP reduced its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,192,005 shares of the basic materials company's stock after selling 1,011,461 shares during the period. Vale accounts for about 1.2% of Oaktree Capital Management LP's investment portfolio, making the stock its 20th largest position. Oaktree Capital Management LP owned about 0.16% of Vale worth $63,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position in shares of Vale by 328.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock valued at $153,891,000 after purchasing an additional 13,298,912 shares during the period. TLS Advisors LLC increased its stake in shares of Vale by 20.2% during the 4th quarter. TLS Advisors LLC now owns 594,000 shares of the basic materials company's stock valued at $5,269,000 after acquiring an additional 100,000 shares during the last quarter. Kawa Capital Management Inc purchased a new position in shares of Vale during the 4th quarter worth about $8,870,000. Orion Portfolio Solutions LLC boosted its position in shares of Vale by 31.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,242 shares of the basic materials company's stock worth $144,000 after acquiring an additional 3,923 shares during the last quarter. Finally, Tepp RIA LLC acquired a new stake in shares of Vale during the 4th quarter worth $157,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

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Vale Stock Up 1.4 %

Shares of NYSE VALE traded up $0.14 during trading on Tuesday, reaching $10.12. 20,839,985 shares of the stock were exchanged, compared to its average volume of 29,825,991. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The business's 50-day moving average price is $9.63 and its 200 day moving average price is $9.89. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.14.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). The firm 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%. As a group, equities analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

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

Analyst Ratings Changes

VALE has been the topic of a number of research analyst reports. Barclays reduced their target price on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a report on Wednesday, December 4th. StockNews.com initiated coverage on Vale in a report on Tuesday, March 25th. They set a "hold" rating for the company. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, Scotiabank dropped their price objective on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vale currently has an average rating of "Hold" and an average price target of $13.26.

Vale 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.