Oxbow Advisors LLC Grows Holdings in Vale S.A. $VALE

Oxbow Advisors LLC boosted its position in Vale S.A. (NYSE:VALE) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 546,782 shares of the basic materials company’s stock after purchasing an additional 49,805 shares during the period. Oxbow Advisors LLC’s holdings in Vale were worth $7,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. N.E.W. Advisory Services LLC bought a new position in shares of Vale in the fourth quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Vale by 60.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,030 shares during the last quarter. Triumph Capital Management bought a new stake in Vale during the third quarter worth $34,000. Cornerstone Planning Group LLC lifted its holdings in Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 3,072 shares during the period. Finally, Huntington National Bank grew its stake in Vale by 36.3% in the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Up 2.7%

Shares of NYSE VALE opened at $16.63 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. The stock has a market capitalization of $75.46 billion, a PE ratio of 24.81 and a beta of 0.46. Vale S.A. has a one year low of $8.97 and a one year high of $17.94. The business’s fifty day moving average price is $16.16 and its 200-day moving average price is $14.63.

Vale (NYSE:VALE) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. On average, equities research analysts anticipate that Vale S.A. will post 2.12 EPS for the current year.

Insider Buying and Selling

In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, with a total value of $209,268.90. Following the acquisition, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the completion of the purchase, the insider directly owned 10,464 shares in the company, valued at $168,575.04. This represents a ? increase in their position. The SEC filing for this purchase provides additional information.

Wall Street Analyst Weigh In

VALE has been the subject of several research analyst reports. UBS Group raised their target price on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. The Goldman Sachs Group increased their price target on shares of Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Zacks Research downgraded shares of Vale from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vale from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.95.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.