Alliancebernstein L.P. Sells 82,204 Shares of United States Steel Co. (NYSE:X)

Alliancebernstein L.P. cut its holdings in United States Steel Co. (NYSE:X - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 719,945 shares of the basic materials company's stock after selling 82,204 shares during the period. Alliancebernstein L.P. owned 0.32% of United States Steel worth $24,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of X. Empirical Asset Management LLC purchased a new stake in shares of United States Steel in the fourth quarter worth about $525,000. ARS Investment Partners LLC purchased a new stake in United States Steel in the 4th quarter worth approximately $15,510,000. Geode Capital Management LLC boosted its holdings in United States Steel by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company's stock valued at $135,691,000 after purchasing an additional 37,528 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of United States Steel during the 4th quarter valued at $554,000. Finally, Captrust Financial Advisors increased its holdings in shares of United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock worth $248,000 after purchasing an additional 321 shares during the period. Institutional investors own 81.92% of the company's stock.

United States Steel Trading Down 1.9 %

NYSE X traded down $0.78 on Friday, hitting $40.10. The company's stock had a trading volume of 11,745,953 shares, compared to its average volume of 5,420,882. The firm has a market cap of $9.08 billion, a P/E ratio of 26.91, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $46.18. The company's 50-day simple moving average is $39.85 and its 200 day simple moving average is $37.64. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

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United States Steel (NYSE:X - Get Free Report) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Research analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, February 10th. United States Steel's dividend payout ratio is presently 13.42%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets reissued a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. JPMorgan Chase & Co. increased their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley raised their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Jefferies Financial Group lowered their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Bank of America assumed coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.65.

United States Steel Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.