Abel Hall LLC Buys Shares of 32,000 Vale S.A. $VALE

Key Points

• Abel Hall LLC has acquired a new stake in Vale S.A., purchasing 32,000 shares valued at approximately $311,000 during the second quarter.
• Analysts have mixed sentiments on Vale's stock, with Barclays raising the price target to $13.70 while JPMorgan Chase reduced it to $13.50, resulting in a current consensus rating of "Hold".
• Vale recently declared a semi-annual dividend of $0.3417, yielding roughly 740.0%, despite a net margin of 14.23% and earnings per share topping estimates at $0.50.

Abel Hall LLC bought a new stake in Vale S.A. (NYSE:VALE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,000 shares of the basic materials company's stock, valued at approximately $311,000.

A number of other large investors also recently bought and sold shares of VALE. GQG Partners LLC acquired a new position in Vale in the first quarter valued at about $371,778,000. Orbis Allan Gray Ltd lifted its position in Vale by 165.9% in the first quarter. Orbis Allan Gray Ltd now owns 31,257,989 shares of the basic materials company's stock valued at $311,955,000 after buying an additional 19,500,437 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Vale by 38.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,932,405 shares of the basic materials company's stock valued at $159,005,000 after buying an additional 4,389,959 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Vale in the first quarter valued at about $36,118,000. Finally, Nuveen LLC acquired a new position in Vale in the first quarter valued at about $34,751,000. Institutional investors and hedge funds own 21.85% of the company's stock.

Analyst Upgrades and Downgrades

VALE has been the topic of several research reports. Barclays increased their price target on shares of Vale from $13.50 to $13.70 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Weiss Ratings reissued a "sell (d+)" rating on shares of Vale in a research report on Wednesday. Morgan Stanley set a $11.50 price target on shares of Vale in a research report on Wednesday. Clarkson Capital initiated coverage on shares of Vale in a research report on Wednesday, September 3rd. They set a "buy" rating and a $12.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vale from $15.00 to $13.50 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.95.

Vale Stock Up 0.5%

VALE stock opened at $11.10 on Thursday. The company's 50 day moving average price is $10.41 and its 200 day moving average price is $9.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $11.32. The firm has a market capitalization of $50.38 billion, a price-to-earnings ratio of 9.02 and a beta of 0.80.

Vale (NYSE:VALE - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. The firm had revenue of $8.80 billion for the quarter, compared to analyst estimates of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. On average, equities research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th were paid a $0.3417 dividend. This represents a yield of 740.0%. The ex-dividend date was Wednesday, August 13th. Vale's dividend payout ratio is currently 59.35%.

Vale Company 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.

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