International Assets Investment Management LLC Reduces Holdings in United States Steel Co. (NYSE:X)

International Assets Investment Management LLC decreased its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 97.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,873 shares of the basic materials company's stock after selling 555,453 shares during the quarter. International Assets Investment Management LLC's holdings in United States Steel were worth $517,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. raised 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 valued at $17,902,000 after buying an additional 438,771 shares during the period. Geode Capital Management LLC increased its position in shares of United States Steel by 1.0% during the third 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 during the period. Charles Schwab Investment Management Inc. raised its position in United States Steel by 1.1% during the 3rd 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 in the last quarter. Water Island Capital LLC grew its holdings in United States Steel by 5.3% during the 2nd quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company's stock worth $34,250,000 after acquiring an additional 45,567 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of United States Steel during the third quarter valued at approximately $608,000. Institutional investors own 81.92% of the company's stock.

Analysts Set New Price Targets

X has been the topic of several analyst reports. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price for the company. BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $41.32.

United States Steel Stock Performance

Shares of United States Steel stock traded up $1.49 during trading on Friday, hitting $34.27. 7,636,051 shares of the company's stock were exchanged, compared to its average volume of 12,648,589. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $48.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.55 and a beta of 1.88. The business has a 50-day simple moving average of $36.04 and a 200-day simple moving average of $37.23.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel's quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. On average, research analysts forecast that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, November 8th. United States Steel's payout ratio is currently 13.16%.

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.