Vale S.A. (NYSE:VALE) Holdings Decreased by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC reduced its position in Vale S.A. (NYSE:VALE - Free Report) by 27.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 321,073 shares of the basic materials company's stock after selling 119,226 shares during the quarter. Vale accounts for about 4.8% of Oaktree Fund Advisors LLC's holdings, making the stock its 8th largest holding. Oaktree Fund Advisors LLC's holdings in Vale were worth $2,848,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock worth $427,550,000 after purchasing an additional 5,635,167 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Vale by 328.3% during 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 buying an additional 13,298,912 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company's stock worth $140,859,000 after buying an additional 6,660,933 shares during the period. Mondrian Investment Partners LTD increased its holdings in shares of Vale by 13.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after buying an additional 1,381,475 shares during the period. Finally, State Street Corp lifted its stake in shares of Vale by 4.8% in the 3rd quarter. State Street Corp now owns 11,117,942 shares of the basic materials company's stock valued at $129,858,000 after acquiring an additional 507,245 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

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Vale Trading Up 1.4 %

NYSE VALE traded up $0.14 during trading on Tuesday, hitting $10.12. The company had a trading volume of 20,839,985 shares, compared to its average volume of 29,825,991. The company's fifty day moving average is $9.63 and its 200-day moving average is $9.89. Vale S.A. has a one year low of $8.38 and a one year high of $13.14. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market cap 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.

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

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.3758 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 7.5%. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio is currently 52.08%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research note on Monday, January 6th. Barclays decreased their target price on shares of Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group dropped their price target 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. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.26.

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.