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

Oaktree Fund Advisors LLC lifted its stake in shares of Vale S.A. (NYSE:VALE) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,137,196 shares of the basic materials company’s stock after acquiring an additional 116,556 shares during the quarter. Vale comprises approximately 11.9% of Oaktree Fund Advisors LLC’s holdings, making the stock its 2nd largest position. Oaktree Fund Advisors LLC’s holdings in Vale were worth $12,702,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VALE. Thrivent Financial for Lutherans grew its stake in Vale by 12.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 551,760 shares of the basic materials company’s stock valued at $6,163,000 after buying an additional 61,370 shares during the last quarter. Sei Investments Co. boosted its holdings in Vale by 6.5% during the second quarter. Sei Investments Co. now owns 1,497,507 shares of the basic materials company’s stock valued at $16,727,000 after acquiring an additional 91,388 shares during the period. Pacer Advisors Inc. boosted its holdings in Vale by 59.1% during the second quarter. Pacer Advisors Inc. now owns 175,683 shares of the basic materials company’s stock valued at $1,962,000 after acquiring an additional 65,247 shares during the period. Herr Investment Group LLC acquired a new stake in shares of Vale in the second quarter valued at about $8,293,000. Finally, MQS Management LLC increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Down 3.4 %

VALE opened at $10.39 on Friday. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08. The company has a market capitalization of $46.58 billion, a P/E ratio of 5.74, a P/E/G ratio of 3.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.73. The firm’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $11.52.

Vale (NYSE:VALE) last posted its 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 analysts’ expectations of $9.97 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. On average, analysts anticipate that Vale S.A. will post 2.13 EPS for the current year.

Vale Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.