Level Four Advisory Services LLC Buys Shares of 21,333 Vale S.A. (NYSE:VALE)

Level Four Advisory Services LLC bought a new stake in Vale S.A. (NYSE:VALEFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,333 shares of the basic materials company’s stock, valued at approximately $338,000.

Several other hedge funds have also recently made changes to their positions in the company. Mondrian Investment Partners LTD grew its position in shares of Vale by 1.7% in the third quarter. Mondrian Investment Partners LTD now owns 9,254,277 shares of the basic materials company’s stock valued at $124,007,000 after purchasing an additional 150,918 shares in the last quarter. Blue Trust Inc. grew its position in shares of Vale by 10.2% in the fourth quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 932 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Vale by 49,161.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company’s stock valued at $38,705,000 after purchasing an additional 2,435,459 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Vale by 4.5% in the third quarter. Van ECK Associates Corp now owns 6,724,828 shares of the basic materials company’s stock valued at $90,112,000 after purchasing an additional 289,495 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Vale in the fourth quarter valued at $190,000. 21.85% of the stock is currently owned by institutional investors.

Vale Price Performance

VALE opened at $12.66 on Thursday. The stock has a 50-day moving average price of $12.30 and a 200-day moving average price of $13.66. Vale S.A. has a 12-month low of $11.52 and a 12-month high of $16.08. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $56.76 billion, a P/E ratio of 6.99, a PEG ratio of 5.71 and a beta of 0.97.

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

Vale Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were paid 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 dividend payout ratio (DPR) is presently 65.19%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $19.00 target price on shares of Vale in a research report on Monday, February 12th. Barclays boosted their target price on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com assumed coverage on Vale in a research report on Saturday, March 30th. They set a “buy” rating for the company. Bank of America restated a “neutral” rating and set a $13.00 target price (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. Finally, UBS Group upgraded Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $15.00 in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.67.

Check Out Our Latest Research Report on VALE

About Vale

(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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