Natixis Advisors LLC Sells 6,175 Shares of United States Steel Co. (NYSE:X)

Natixis Advisors LLC decreased its stake in United States Steel Co. (NYSE:X - Free Report) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,109 shares of the basic materials company's stock after selling 6,175 shares during the period. Natixis Advisors LLC's holdings in United States Steel were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of 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 during the last quarter. Cerity Partners LLC boosted its stake in United States Steel by 36.1% in the third quarter. Cerity Partners LLC now owns 12,613 shares of the basic materials company's stock worth $446,000 after buying an additional 3,344 shares in the last quarter. Larson Financial Group LLC grew its position in United States Steel by 125.0% during the third quarter. Larson Financial Group LLC now owns 2,887 shares of the basic materials company's stock valued at $102,000 after acquiring an additional 1,604 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of United States Steel by 60.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,769 shares of the basic materials company's stock valued at $698,000 after purchasing an additional 7,460 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of United States Steel by 16.8% during the third quarter. Bank of Montreal Can now owns 63,203 shares of the basic materials company's stock valued at $2,251,000 after buying an additional 9,112 shares during the last quarter. Institutional investors own 81.92% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have commented on X shares. Morgan Stanley lifted 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. BMO Capital Markets lifted their target price on shares of United States Steel from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target for the company. Jefferies Financial Group cut their price target on shares of 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, JPMorgan Chase & Co. upped their price objective on shares of United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, United States Steel currently has an average rating of "Moderate Buy" and an average target price of $41.32.

United States Steel Stock Up 0.0 %

Shares of X stock traded up $0.02 during mid-day trading on Friday, reaching $43.00. 10,027,824 shares of the company's stock traded hands, compared to its average volume of 5,083,296. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The company's 50-day moving average price is $38.52 and its 200-day moving average price is $37.21. The company has a market cap of $9.73 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $44.87.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, equities analysts expect that United States Steel Co. will post 1.43 earnings per share 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. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. United States Steel's dividend payout ratio is presently 13.42%.

About United States Steel

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.