1,461,077 Shares in United States Steel Co. (NYSE:X) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new stake in shares of United States Steel Co. (NYSE:X - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,461,077 shares of the basic materials company's stock, valued at approximately $51,620,000. Holocene Advisors LP owned approximately 0.65% of United States Steel at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of X. Vanguard Personalized Indexing Management LLC boosted its stake in United States Steel by 0.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company's stock worth $1,016,000 after acquiring an additional 241 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of United States Steel by 9.2% in the third quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company's stock worth $118,000 after buying an additional 279 shares in the last quarter. Founders Capital Management lifted its stake in shares of United States Steel by 9.4% in the third quarter. Founders Capital Management now owns 3,500 shares of the basic materials company's stock worth $124,000 after buying an additional 300 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of United States Steel by 0.7% in the third quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company's stock worth $1,570,000 after buying an additional 301 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock worth $658,000 after buying an additional 306 shares in the last quarter. Institutional investors own 81.92% of the company's stock.

Wall Street Analysts Forecast Growth

X has been the subject of several research reports. Glj Research raised shares of United States Steel from a "sell" rating to a "buy" rating and set a $38.57 price objective for the company in a report on Monday, September 9th. Morgan Stanley boosted their price objective on shares of United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. BNP Paribas raised shares of United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Friday, September 6th. StockNews.com initiated coverage on shares of United States Steel in a report on Monday, August 19th. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $40.00 to $42.00 in a report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $42.80.

United States Steel Trading Down 7.9 %

Shares of X traded down $3.23 during midday trading on Tuesday, hitting $37.72. The stock had a trading volume of 10,647,222 shares, compared to its average volume of 5,348,334. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $50.20. The firm has a market cap of $8.49 billion, a PE ratio of 24.82 and a beta of 1.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The stock's 50 day moving average is $38.16 and its 200 day moving average is $37.94.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm's revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. As a group, analysts forecast that United States Steel Co. will post 2.21 EPS for the current fiscal year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, November 8th. United States Steel's dividend payout ratio is currently 13.16%.

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.