Charles Schwab Investment Management Inc. Buys 35,007 Shares of United States Steel Co. (NYSE:X)

Charles Schwab Investment Management Inc. increased its position in shares of United States Steel Co. (NYSE:X - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,635,715 shares of the basic materials company's stock after acquiring an additional 35,007 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.17% of United States Steel worth $89,588,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel in the fourth quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in shares of United States Steel in the 4th quarter valued at approximately $30,000. Newbridge Financial Services Group Inc. bought a new stake in United States Steel during the 4th quarter worth approximately $34,000. Gladius Capital Management LP acquired a new stake in United States Steel during the 3rd quarter worth approximately $39,000. Finally, Byrne Asset Management LLC lifted its stake in United States Steel by 4,680.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company's stock valued at $41,000 after buying an additional 1,170 shares in the last quarter. Institutional investors own 81.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on X shares. BMO Capital Markets lowered their price objective on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. Jefferies Financial Group lowered their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday. 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 for the company. Finally, Morgan Stanley lifted their target price on 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.70.

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United States Steel Stock Up 2.8 %

X stock traded up $1.05 during mid-day trading on Wednesday, reaching $38.11. The company had a trading volume of 6,431,345 shares, compared to its average volume of 7,062,255. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.77. The stock has a 50 day simple moving average of $36.83 and a two-hundred day simple moving average of $36.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

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

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel's dividend payout ratio (DPR) is currently 13.42%.

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.