E. Ohman J or Asset Management AB Buys New Holdings in United States Steel Co. (NYSE:X)

E. Ohman J or Asset Management AB bought a new stake in shares of United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 526,826 shares of the basic materials company's stock, valued at approximately $17,907,000. E. Ohman J or Asset Management AB owned approximately 0.23% of United States Steel at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in X. Empirical Asset Management LLC purchased a new stake in shares of United States Steel in the fourth quarter worth approximately $525,000. ARS Investment Partners LLC bought a new position in United States Steel during the 4th quarter valued at $15,510,000. Rockefeller Capital Management L.P. boosted its holdings in United States Steel by 646.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company's stock worth $17,902,000 after acquiring an additional 438,771 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $135,691,000 after acquiring an additional 37,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United States Steel by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company's stock valued at $91,883,000 after purchasing an additional 28,293 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Performance

NYSE:X traded down $2.31 during mid-day trading on Friday, reaching $36.96. The company's stock had a trading volume of 30,751,317 shares, compared to its average volume of 8,448,967. The firm's fifty day moving average price is $35.09 and its two-hundred day moving average price is $37.03. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.32 billion, a P/E ratio of 24.80 and a beta of 1.86. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $48.13.

United States Steel (NYSE:X - Get Free Report) last released its quarterly 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%. On average, equities analysts forecast that United States Steel Co. will post 1.75 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel's payout ratio is 13.42%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on X shares. JPMorgan Chase & Co. lowered their price target on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Morgan Stanley reissued an "equal weight" rating and set a $39.00 price objective on shares of United States Steel in a report on Monday. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target for the company. Finally, BMO Capital Markets decreased their price objective on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, United States Steel has a consensus rating of "Moderate Buy" and a consensus price target of $39.82.

About United States Steel

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.