2,198 Shares in Vale S.A. (NYSE:VALE) Purchased by D Orazio & Associates Inc.

D Orazio & Associates Inc. purchased a new position in Vale S.A. (NYSE:VALE) in the third quarter, HoldingsChannel reports. The fund purchased 2,198 shares of the basic materials company’s stock, valued at approximately $31,000.

A number of other hedge funds also recently added to or reduced their stakes in VALE. Capital International Investors increased its stake in shares of Vale by 16.5% during the second quarter. Capital International Investors now owns 194,710,171 shares of the basic materials company’s stock valued at $4,441,305,000 after purchasing an additional 27,577,497 shares in the last quarter. Invesco Ltd. increased its stake in shares of Vale by 3.2% during the second quarter. Invesco Ltd. now owns 77,537,326 shares of the basic materials company’s stock valued at $1,768,628,000 after purchasing an additional 2,437,076 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Vale by 4.4% during the second quarter. BlackRock Inc. now owns 73,048,109 shares of the basic materials company’s stock valued at $1,666,227,000 after buying an additional 3,079,763 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Vale by 19.1% during the second quarter. GQG Partners LLC now owns 43,804,325 shares of the basic materials company’s stock valued at $998,945,000 after buying an additional 7,017,300 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Vale by 91.1% during the second quarter. FMR LLC now owns 19,288,559 shares of the basic materials company’s stock valued at $439,971,000 after buying an additional 9,194,635 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

Shares of NYSE VALE opened at $15.38 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.24. The company has a market cap of $78.46 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.37 and a beta of 1.06. The firm’s fifty day moving average is $13.35 and its two-hundred day moving average is $16.43. Vale S.A. has a 52-week low of $11.16 and a 52-week high of $23.17.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 28th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.36). Vale had a net margin of 31.28% and a return on equity of 69.55%. The company had revenue of $12.68 billion during the quarter, compared to the consensus estimate of $14.08 billion. As a group, analysts forecast that Vale S.A. will post 3.92 EPS for the current fiscal year.

Several equities research analysts recently issued reports on VALE shares. Royal Bank of Canada cut shares of Vale from an “outperform” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $12.50 in a report on Thursday, October 21st. Wolfe Research started coverage on shares of Vale in a report on Tuesday, November 16th. They issued a “peer perform” rating and a $13.00 target price on the stock. BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating and set a $15.80 target price on the stock in a report on Wednesday, October 6th. Exane BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating and set a $15.80 target price on the stock in a report on Wednesday, October 6th. Finally, Bank of America dropped their target price on shares of Vale from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, November 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.55.

About Vale

Vale SA engages in the production and exportation of iron ore, pellets, manganese, and iron alloys. It operates through the following segments: Ferrous Minerals, Base Metals, and Coal. The Ferrous Minerals segment includes the production and extraction of iron ore, iron ore pellets, manganese, other ferrous products, and logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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