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Weekly 3-Year Low Highlights: VALE, FCX, DVN, TCK

April 16, 2013 | About:
GuruFocus

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According to GuruFocus' list of three-year lows: Vale SA, Freeport-McMoRan Copper & Gold, Devon Energy Corp. and Teck Resources Ltd. have all recently reached their three-year lows.

Vale SA (VALE) Reached the Three-Year Low of $16.39

The prices of Vale SA (VALE) shares have declined to close to the three-year low of $16.39, which is 57.7% off the three-year high of $37.25.

Vale SA is owned by 15 Gurus we are tracking. Among them, 7 have added to their positions during the past quarter and 3 have reduced their positions. Vale SA has a market cap of $87.94 billion; its shares were traded at around $16.39 with a P/E ratio of 15.3139 and P/S ratio of 1.7547. The dividend yield of Vale SA stocks is 1.89%. Vale SA had an annual average earnings growth of 31.3% over the past 10 years. GuruFocus rated Vale SA the business predictability rank of 2-star.

Vale SA has released its fourth quarter 2012 results. Fourth quarter net loss was $2.65 billion, compared to net income of $4.67 billion in the same quarter last year. Much of this loss was attributed to lower mineral and metal prices, with operating revenues falling 19% from the prior year quarter. Fourth quarter EBITDA was $257 million compared to $7.4 billion a year ago.

2 Gurus Increased Positions: David Dreman owns 255,170 shares as of 12/31/2012, an increase of 17.51% from the previous quarter. John Burbank owns 880,600 shares as of 12/31/2012, an increase of 17.18% from the previous quarter.

2 Gurus Reduced Positions: Ken Fisher owns 179,749 shares as of 03/31/2013, a decrease of 93.77% of from the previous quarter. This position accounts for 0.01% of the $37.63 billion portfolio of Fisher Asset Management LLC. Joel Greenblatt sold out his holdings in the quarter that ended on 12/31/2012.

Freeport-McMoRan Copper & Gold (FCX) Reached the Three-Year Low of $29.27

The prices of Freeport-McMoRan Copper & Gold (FCX) shares have declined to close to the three-year low of $29.27, which is 53.8% off the three-year high of $61.35.

Freeport-McMoRan Copper & Gold is owned by 25 Gurus we are tracking. Among them, 16 have added to their positions during the past quarter, and 12 have reduced their positions. Freeport-McMoRan Copper & Gold has a market cap of $27.79 billion; its shares were traded at around $29.27 with a P/E ratio of 9.1743 and P/S ratio of 1.5504. The dividend yield of Freeport-McMoRan Copper & Gold stocks is 4.27%.

For its third quarter 2012 ended Sept. 30, 2012, Freeport-McMoRan reported net income of $824 million ($0.86 per share), compared to income of $1.1 billion ($1.10 per share) prior year quarter. Operating cash flows totaled $526 million this quarter compared to $1.8 billion in the third quarter of 2011, with total revenues down to $4.4 billion from $5.1 billion prior year quarter.

5 Gurus Initiated Positions: T Boone Pickens, Leon Cooperman, John Paulson, David Tepper and Jean-Marie Eveillard have all initiated positions in FCX as of 12/31/2012.

3 Gurus Increased Positions: Ray Dalio owns 465,400 shares as of 12/31/2012, an increase of 369.15% from the previous quarter. David Dreman owns 63,368 shares as of 12/31/2012, an increase of 74.23% from the previous quarter. Mario Gabelli owns 918,072 shares as of 12/31/2012, an increase of 33.11% from the previous quarter.

2 Gurus Reduced Positions: PRIMECAP Management owns 356,400 shares as of 12/31/2012, a decrease of 25.77% of from the previous quarter. Ken Fisher owns 28,207 shares as of 03/31/2013, a decrease of 32.84% of from the previous quarter.

2 Gurus Sold Out FCX: John Burbank, and Robert Olstein have both sold out their holdings of FCX stock.

Devon Energy Corp. (DVN) Reached the Three-Year Low of $53.1

The prices of Devon Energy Corp (DVN) shares have declined to close to the three-year low of $53.1, which is 45.8% off the three-year high of $93.560.

Devon Energy Corp. is owned by 37 Gurus we are tracking. Among them, eight have added to their positions during the past quarter, and 14 have reduced their positions. Devon Energy Corp has a market cap of $21.56 billion; its shares were traded at around $53.1 with a P/E ratio of 30.8 and P/S ratio of 2.2635. The dividend yield of Devon Energy Corp stocks is 1.51%.

Devon Energy Corp. reported fourth quarter net loss of $357 million ($0.89 per share), impacted by a non-cash impairment charge of $896 million.

5 Gurus Increased Positions: Tweedy Browne owns 3,737,500 shares as of 12/31/2012, an increase of 144.84% from the previous quarter. Third Avenue Management owns 3,523,136 shares as of 12/31/2012, an increase of 49.62% from the previous quarter. Bill Nygren owns 2,905,000 shares as of 12/31/2012, an increase of 32.05% from the previous quarter. Jean-Marie Eveillard owns 5,326,710 shares as of 12/31/2012, an increase of 25.73% from the previous quarter. Martin Whitman owns 2,200,889 shares as of 01/31/2013, an increase of 19.31% from the previous quarter.

2 Gurus Reduced Positions: Chris Davis owns 7,131,339 shares as of 12/31/2012, a decrease of 27.99% of from the previous quarter. David Dreman owns 66,146 shares as of 12/31/2012, a decrease of 79.8% of from the previous quarter.

Teck Resources Ltd. (TCK) Reached the Three-Year Low of $25.49

The prices of Teck Resources Ltd. (TCK) shares have declined to close to the three-year low of $25.49, which is 62.0% off the three-year high of $65.37.

Teck Resources Ltd. was previously known as Teck Cominco Ltd. Teck Resources Ltd. has a market cap of $14.84 billion; its shares were traded at around $25.49 with a P/E ratio of 18.7617 and P/S ratio of 1.4646. The dividend yield of Teck Resources Ltd. stocks is 3.32%. Teck Resources Ltd. had an annual average earnings growth of 20% over the past 10 years.

Teck Resources Ltd. reported fourth quarter 2012 profit of $354 million ($0.61 per share), compared to $613 million ($1.04 per share) in the same quarter of 2011. Cash flow from operations was $722 million compared with $1.2 billion prior year quarter.

1 Guru Initiated Positions: Ray Dalio bought 45,600 shares in the quarter that ended on 12/31/2012, which is 0.017% of the $9.82 billion portfolio of Bridgewater Associates.

1 Guru Reduced Positions: Joel Greenblatt owns 10,155 shares as of 12/31/2012, a decrease of 82.26% of from the previous quarter.

Go here for the complete list of three-year lows.


Rating: 3.5/5 (2 votes)

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