Dimensional Fund Advisors LP Increases Holdings in United States Steel Co. (NYSE:X)

Dimensional Fund Advisors LP lifted its holdings in United States Steel Co. (NYSE:X - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,291,906 shares of the basic materials company's stock after purchasing an additional 929,762 shares during the period. Dimensional Fund Advisors LP owned approximately 4.13% of United States Steel worth $315,790,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in X. Forum Financial Management LP raised its position in United States Steel by 7.5% in the 4th quarter. Forum Financial Management LP now owns 7,051 shares of the basic materials company's stock valued at $240,000 after purchasing an additional 490 shares in the last quarter. Advent Capital Management DE increased its stake in shares of United States Steel by 100.0% during the fourth quarter. Advent Capital Management DE now owns 100,000 shares of the basic materials company's stock worth $3,399,000 after buying an additional 50,000 shares during the period. Regal Investment Advisors LLC lifted its stake in United States Steel by 17.7% in the fourth quarter. Regal Investment Advisors LLC now owns 20,625 shares of the basic materials company's stock worth $701,000 after acquiring an additional 3,100 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in United States Steel by 2.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 29,340 shares of the basic materials company's stock worth $997,000 after acquiring an additional 790 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of United States Steel by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 16,935 shares of the basic materials company's stock valued at $576,000 after purchasing an additional 1,267 shares during the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price objective (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price on the stock. Jefferies Financial Group lowered their price target 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. Finally, Morgan Stanley boosted their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.94.

United States Steel Stock Performance

Shares of United States Steel stock traded up $0.39 during trading on Friday, reaching $42.65. The company's stock had a trading volume of 5,065,528 shares, compared to its average volume of 5,469,772. The company has a 50-day moving average price of $40.43 and a two-hundred day moving average price of $38.04. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $46.18. The firm has a market cap of $9.66 billion, a PE ratio of 28.62, a P/E/G ratio of 1.53 and a beta of 1.79. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) 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%. On average, analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel's dividend payout ratio (DPR) is 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.