Oaktree Fund Advisors LLC Has $2.85 Million Stock Holdings in Vale S.A. (NYSE:VALE)

Oaktree Fund Advisors LLC cut its stake in Vale S.A. (NYSE:VALE) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 321,073 shares of the basic materials company’s stock after selling 119,226 shares during the quarter. Vale comprises 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 large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vale by 328.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company’s stock valued at $153,891,000 after purchasing an additional 13,298,912 shares during the period. TLS Advisors LLC lifted its position in Vale by 20.2% during the fourth quarter. TLS Advisors LLC now owns 594,000 shares of the basic materials company’s stock valued at $5,269,000 after buying an additional 100,000 shares during the period. Kawa Capital Management Inc purchased a new position in Vale during the fourth quarter valued at $8,870,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Vale by 31.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,242 shares of the basic materials company’s stock valued at $144,000 after buying an additional 3,923 shares in the last quarter. Finally, Tepp RIA LLC purchased a new stake in shares of Vale in the 4th quarter worth about $157,000. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

Shares of NYSE VALE opened at $10.06 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $9.61 and its 200-day moving average price is $9.90. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $13.14. The company has a market cap of $45.64 billion, a PE ratio of 6.98, a PEG ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, analysts anticipate that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.3758 dividend. This represents a yield of 7.5%. This is a boost from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. Vale’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Ratings Changes

VALE has been the topic of several research reports. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Jefferies Financial Group dropped their price target on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Finally, StockNews.com initiated coverage on Vale in a report on Tuesday, March 25th. They set a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.