SeaCrest Wealth Management LLC Raises Holdings in Vale S.A. (NYSE:VALE)

SeaCrest Wealth Management LLC boosted its stake in shares of Vale S.A. (NYSE:VALE) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,030 shares of the basic materials company’s stock after buying an additional 4,450 shares during the period. SeaCrest Wealth Management LLC’s holdings in Vale were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of VALE. Cambridge Investment Research Advisors Inc. boosted its position in Vale by 85.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 491,207 shares of the basic materials company’s stock valued at $7,791,000 after purchasing an additional 225,806 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Vale by 109.1% during the 1st quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock valued at $1,236,000 after purchasing an additional 52,906 shares during the last quarter. Oaktree Capital Management LP boosted its position in shares of Vale by 8.1% in the 4th quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after purchasing an additional 705,520 shares in the last quarter. Virtu Financial LLC purchased a new position in Vale during the 1st quarter worth $1,379,000. Finally, M&T Bank Corp acquired a new position in Vale during the 4th quarter valued at about $190,000. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

NYSE:VALE traded up $0.22 during trading hours on Wednesday, reaching $10.60. 6,344,488 shares of the company were exchanged, compared to its average volume of 26,326,070. Vale S.A. has a twelve month low of $9.66 and a twelve month high of $16.08. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average is $10.92 and its 200-day moving average is $11.97. The firm has a market cap of $47.52 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 3.57 and a beta of 0.96.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. On average, sell-side analysts anticipate that Vale S.A. will post 2.13 earnings per share for the current fiscal year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 5th will be issued a dividend of $0.3698 per share. This represents a yield of 12.1%. This is a boost from Vale’s previous semi-annual dividend of $0.32. The ex-dividend date of this dividend is Monday, August 5th. Vale’s dividend payout ratio (DPR) is 64.09%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research note on Friday, June 21st. UBS Group cut their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Wolfe Research lowered Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th. Finally, BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.72.

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.