United States Steel Co. (NYSE:X) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in United States Steel Co. (NYSE:X - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,890 shares of the basic materials company's stock after buying an additional 11,271 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of United States Steel worth $4,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of X. Bessemer Group Inc. raised its holdings in shares of United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after acquiring an additional 277 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel during the 4th quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in United States Steel in the 4th quarter valued at about $30,000. Parkworth Wealth Management Inc. purchased a new position in United States Steel in the 4th quarter valued at about $31,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of United States Steel during the 4th quarter worth about $32,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on X shares. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price on the stock. Jefferies Financial Group decreased their price objective 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. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. Morgan Stanley raised their price target on 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. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $38.00 price target (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.94.

United States Steel Trading Up 0.9 %

X traded up $0.39 during trading on Friday, hitting $42.65. 5,065,528 shares of the company's stock were exchanged, compared to its average volume of 5,478,771. The stock has a 50 day moving average price of $40.43 and a 200 day moving average price of $38.06. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $46.18. 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 firm has a market cap of $9.66 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results 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%. As a group, analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio is presently 13.42%.

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.