Hartree Partners LP raised its stake in United States Steel Co. (NYSE:X - Free Report) by 140.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,606 shares of the basic materials company's stock after buying an additional 150,669 shares during the quarter. United States Steel accounts for about 3.3% of Hartree Partners LP's holdings, making the stock its 9th biggest position. Hartree Partners LP owned approximately 0.11% of United States Steel worth $8,756,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in United States Steel in the fourth quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel in the 4th quarter valued at approximately $30,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new stake in United States Steel during the fourth quarter worth approximately $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in United States Steel during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on X shares. 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 note on Friday, March 7th. Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target on the stock. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group lowered their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a report on Monday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.32.
Check Out Our Latest Stock Analysis on X
United States Steel Price Performance
Shares of X stock traded up $0.25 during mid-day trading on Wednesday, reaching $42.42. The company's stock had a trading volume of 6,399,933 shares, compared to its average volume of 6,944,276. The firm's 50-day moving average is $38.75 and its two-hundred day moving average is $37.31. The company has a market cap of $9.60 billion, a P/E ratio of 28.47, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 1-year low of $26.92 and a 1-year 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.
United States Steel (NYSE:X - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) 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, research analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.
United States Steel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel's dividend payout ratio (DPR) is currently 13.42%.
United States Steel Company Profile
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Free Report)
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.
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