Vale S.A. (NYSE:VALE) Shares Sold by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC lowered its stake in Vale S.A. (NYSE:VALEFree Report) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,244 shares of the basic materials company’s stock after selling 887 shares during the period. Cravens & Co Advisors LLC’s holdings in Vale were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VALE. Greenleaf Trust boosted its position in Vale by 2.8% during the fourth quarter. Greenleaf Trust now owns 30,283 shares of the basic materials company’s stock worth $480,000 after purchasing an additional 827 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Vale by 7.0% in the third quarter. Rehmann Capital Advisory Group now owns 14,010 shares of the basic materials company’s stock worth $188,000 after buying an additional 915 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Vale by 10.2% during the 4th quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock worth $160,000 after buying an additional 932 shares during the period. Sequoia Financial Advisors LLC grew its stake in Vale by 6.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock valued at $296,000 after buying an additional 1,146 shares during the last quarter. Finally, Capital Analysts LLC raised its holdings in Vale by 28.9% in the 4th quarter. Capital Analysts LLC now owns 5,581 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 1,252 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on VALE. StockNews.com started coverage on shares of Vale in a report on Saturday, March 30th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. JPMorgan Chase & Co. dropped their price target on Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Bank of America reissued a “neutral” rating and issued a $13.00 price objective (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. Finally, Barclays boosted their target price on shares of Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Get Our Latest Research Report on Vale

Vale Price Performance

VALE traded up $0.33 during midday trading on Friday, reaching $12.99. 26,194,672 shares of the company’s stock were exchanged, compared to its average volume of 24,048,684. Vale S.A. has a one year low of $11.52 and a one year high of $16.08. The firm has a market capitalization of $58.24 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 5.74 and a beta of 0.97. The business has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $13.69. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.41.

Vale (NYSE:VALEGet Free Report) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. As a group, research analysts predict that Vale S.A. will post 2.18 EPS for the current year.

Vale Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a $0.3182 dividend. This represents a dividend yield of 9.7%. The ex-dividend date of this dividend was Tuesday, March 12th. Vale’s payout ratio is 65.19%.

Vale Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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