Natixis Buys Shares of 29,429 United States Steel Co. (NYSE:X)

Natixis purchased a new position in United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,429 shares of the basic materials company's stock, valued at approximately $1,000,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in United States Steel in the fourth quarter valued at approximately $130,731,000. Forest Avenue Capital Management LP purchased a new position in shares of United States Steel during the 4th quarter valued at approximately $50,795,000. Dimensional Fund Advisors LP lifted its stake in shares of United States Steel by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock valued at $315,790,000 after purchasing an additional 929,762 shares during the period. Turiya Advisors Asia Ltd purchased a new stake in United States Steel during the fourth quarter worth $19,384,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in United States Steel during the fourth quarter valued at $17,907,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Price Performance

Shares of NYSE X traded up $0.21 during mid-day trading on Tuesday, reaching $43.46. The company's stock had a trading volume of 1,024,926 shares, compared to its average volume of 5,458,731. The stock has a 50-day moving average of $40.51 and a two-hundred day moving average of $38.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a market capitalization of $9.84 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, February 10th. United States Steel's payout ratio is currently 13.42%.

Analysts Set New Price Targets

A number of research analysts have weighed in on X shares. Jefferies Financial Group decreased their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Morgan Stanley upped their target price 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. reissued a "neutral" rating and issued a $38.00 price target (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, United States Steel has a consensus rating of "Hold" and a consensus target price of $39.94.

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.