Octavia Wealth Advisors LLC Takes Position in Vale S.A. (NYSE:VALE)

Octavia Wealth Advisors LLC acquired a new position in shares of Vale S.A. (NYSE:VALE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,305 shares of the basic materials company’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group raised its stake in Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,900 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vale during the 3rd quarter valued at approximately $28,000. Point72 Hong Kong Ltd acquired a new position in Vale during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB bought a new position in Vale in the 3rd quarter valued at approximately $79,000. Finally, Moody National Bank Trust Division acquired a new stake in Vale in the fourth quarter valued at approximately $96,000. 21.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Jefferies Financial Group dropped their target price on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Barclays reduced their price target on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Finally, UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $11.50 in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.89.

Vale Stock Down 1.4 %

Shares of NYSE VALE opened at $8.86 on Thursday. The company’s 50 day moving average price is $9.26 and its 200-day moving average price is $10.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $14.47. The company has a market capitalization of $40.08 billion, a P/E ratio of 4.10, a price-to-earnings-growth ratio of 0.28 and a beta of 0.92.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities analysts forecast that Vale S.A. will post 1.8 earnings per share for the current year.

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.