United States Steel Co. (NYSE:X) Shares Bought by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT increased its position in shares of United States Steel Co. (NYSE:X - Free Report) by 488.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 556,800 shares of the basic materials company's stock after buying an additional 462,100 shares during the period. United States Steel comprises approximately 1.3% of Discovery Capital Management LLC CT's holdings, making the stock its 25th largest holding. Discovery Capital Management LLC CT owned about 0.25% of United States Steel worth $18,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Empirical Asset Management LLC purchased a new position in United States Steel in the fourth quarter valued at about $525,000. ARS Investment Partners LLC bought a new position in shares of United States Steel during the 4th quarter worth approximately $15,510,000. Rockefeller Capital Management L.P. lifted its position in United States Steel by 646.0% during the third quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company's stock valued at $17,902,000 after acquiring an additional 438,771 shares during the last quarter. Geode Capital Management LLC boosted its stake in United States Steel by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company's stock valued at $135,691,000 after acquiring an additional 37,528 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in United States Steel in the fourth quarter worth $554,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Performance

NYSE X traded down $0.66 on Friday, reaching $38.30. 9,264,572 shares of the company's stock traded hands, compared to its average volume of 5,177,531. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $44.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.53 and a beta of 1.86. The stock has a 50 day moving average price of $38.93 and a 200-day moving average price of $37.37.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently disclosed 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 was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel's payout ratio is 13.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on X. JPMorgan Chase & Co. raised their price objective on United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets restated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a research note on Monday, March 31st. Morgan Stanley upped 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 report on Friday, March 7th. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, United States Steel has a consensus rating of "Moderate Buy" and an average target price of $41.32.

United States Steel Company 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.