Mitsubishi UFJ Trust & Banking Corp increased its position in United States Steel Co. (NYSE:X - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,839 shares of the basic materials company's stock after buying an additional 6,244 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in United States Steel were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in United States Steel during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in shares of United States Steel during the fourth quarter valued at approximately $30,000. Parkworth Wealth Management Inc. bought a new position in shares of United States Steel in the fourth quarter worth approximately $31,000. Lee Danner & Bass Inc. purchased a new position in shares of United States Steel in the fourth quarter worth $32,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in United States Steel during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on X. Jefferies Financial Group decreased their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Bank of America assumed coverage on United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley lifted their price objective on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their target price on United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.32.
Check Out Our Latest Report on X
United States Steel Stock Down 1.7 %
Shares of NYSE:X traded down $0.66 on Friday, hitting $38.30. 9,264,572 shares of the company traded hands, compared to its average volume of 5,191,703. The company has a market cap of $8.67 billion, a PE ratio of 25.70, a PEG ratio of 1.53 and a beta of 1.79. The stock has a 50 day simple moving average of $38.93 and a 200-day simple moving average of $37.38. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $44.87. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.
United States Steel (NYSE:X - Get Free Report) last issued its 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 return on equity of 4.27% and a net margin of 2.46%. As a group, research analysts expect that United States Steel Co. will post 1.43 earnings per share for the current year.
United States Steel Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel's payout ratio is 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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