United States Steel Co. (NYSE:X) Stock Position Lowered by Sanders Morris Harris LLC

Sanders Morris Harris LLC lessened its stake in United States Steel Co. (NYSE:X - Free Report) by 93.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,984 shares of the basic materials company's stock after selling 360,192 shares during the quarter. Sanders Morris Harris LLC's holdings in United States Steel were worth $883,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of X. Rothschild Investment LLC purchased a new position in United States Steel in the second quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of United States Steel in the first quarter worth $29,000. Pineridge Advisors LLC bought a new stake in shares of United States Steel in the fourth quarter worth $44,000. Blue Trust Inc. raised its holdings in United States Steel by 339.0% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 773 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new position in United States Steel during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 81.92% of the company's stock.

United States Steel Stock Performance

NYSE:X traded down $0.20 during mid-day trading on Thursday, hitting $35.45. The stock had a trading volume of 1,132,310 shares, compared to its average volume of 4,478,623. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $37.21 and a 200-day simple moving average of $38.05. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 10.39 and a beta of 1.87. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $50.20.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The business's revenue was down 17.8% on a year-over-year basis. On average, research analysts expect that United States Steel Co. will post 2.18 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. United States Steel's dividend payout ratio is presently 5.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. StockNews.com assumed coverage on United States Steel in a report on Monday, August 19th. They set a "hold" rating on the stock. Glj Research upgraded United States Steel from a "sell" rating to a "buy" rating and set a $38.57 price target for the company in a report on Monday, September 9th. BNP Paribas upgraded United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. Finally, BMO Capital Markets raised shares of United States Steel from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.62.

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.