On 20 MAY Vale SA (ADR) (NYSE:VALE) reported that its net debt declined by $1.3 billion and amounted to the sum of $23.162 billion. Vale SA also reported that the total cash equivalents by the end of the first quarter amounted to $7.184 billion, which has increased on a yearly, as well as quarterly basis. The cash equivalents in the Q1 of FY2013 were reported to be $6.609 billion. The company reported a net income to have amounted to $2.515 million, which has witnessed a decrease from the Q1 of 2013′s net income of 3.109 billion. Vale SA (ADR) (NYSE:VALE) net profit margin is 4.90% and weekly performance is -3.56%. On last trading day company shares ended up $12.75. Analysts mean target price for the company is $18.21. Vale SA (ADR) (NYSE:VALE) distance from 50-day simple moving average (SMA50) is -5.85%.
On 27 MAY Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) announced about the completion of formation test at its 1-SPS-98 well which is located offshore São Paulo. The company confirmed existence of good quality oil in the Santos Basin as evident from the test results. The well is at water depth of around 1,870 meters and the latest results confirm Petrobras’ discovery declared back in February 2013.Petrobras reached a depth of approximately 7,110 meters while drilling and found 159 meters pre-salt reservoirs. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares fell -3.29% in last trading session and ended the day on $14.10. PBR Gross Margin is 23.90% and its return on assets is 3.60%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) quarterly performance is 30.07%.
On 21 MAY Exxon Mobil Corporation (NYSE:XOM) announced that it has executed an agreement to add nearly 26,000 acres to its U.S. oil and natural gas portfolio managed by subsidiary XTO Energy Inc., through a non-monetary exchange with LINN Energy, LLC. Virtually all of the acreage is located within the portion of the Midland Basin that is most prospective for horizontal Wolfcamp and Spraberry development. In exchange, LINN Energy will receive a portion of XTO’s interest in the Hugoton gas field in Kansas and Oklahoma. Exxon Mobil Corporation (NYSE:XOM) shares moved down -0.73% in last trading session and was closed at $100.53, while trading in range of $100.37 – $101.15. Exxon Mobil Corporation (NYSE:XOM) year to date (YTD) performance is 0.72%.
On 29 MAY Alcoa Inc (NYSE:AA) announced it is expanding its Indiana operations to capture growing aerospace demand for advanced jet engine parts. The aluminum producer will build an $100 million facility to produce nickel-based superalloy jet engine components. Alcoa Inc (NYSE:AA) ended the last trading day at $13.61. Company weekly volatility is calculated as 1.83% and price to cash ratio as 23.99. Alcoa Inc (NYSE:AA) showed a positive weekly performance of 2.87%.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. The company had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.01 billion. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts predict that Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) will post $2.65 earnings per share for the current fiscal year. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) net profit margin is 11.80% and weekly performance is -0.73%. On last trading day company shares ended up $34.05. Analysts mean target price for the company is $39.56. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) distance from 50-day simple moving average (SMA50) is 1.69%.
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