Oddo BHF Asset Management Sas Takes $883,000 Position in United States Steel Co. (NYSE:X)

Oddo BHF Asset Management Sas acquired a new stake in United States Steel Co. (NYSE:X - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the basic materials company's stock, valued at approximately $883,000.

Other institutional investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. increased its stake in United States Steel by 7.4% during the 3rd quarter. Donald Smith & CO. Inc. now owns 4,719,845 shares of the basic materials company's stock worth $166,752,000 after buying an additional 326,876 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in United States Steel by 26.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company's stock valued at $162,477,000 after acquiring an additional 964,467 shares in the last quarter. KGH Ltd increased its stake in United States Steel by 68.2% during the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company's stock worth $160,839,000 after buying an additional 1,724,670 shares during the period. Geode Capital Management LLC raised its stake in shares of United States Steel by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company's stock valued at $135,691,000 after acquiring an additional 37,528 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its position in United States Steel by 13.5% in the 2nd quarter. Alpine Associates Management Inc. now owns 2,667,932 shares of the basic materials company's stock valued at $100,848,000 after purchasing an additional 316,800 shares in the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com began coverage on shares of United States Steel in a research note on Monday, August 19th. They issued a "hold" rating for the company. Glj Research raised United States Steel from a "sell" rating to a "buy" rating and set a $38.57 price target on the stock in a research note on Monday, September 9th. BMO Capital Markets reduced their price target on shares of United States Steel from $45.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group dropped their price objective on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Finally, 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 report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, United States Steel currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.

United States Steel Stock Down 2.2 %

Shares of NYSE:X traded down $0.76 during trading on Friday, reaching $33.26. 7,056,011 shares of the stock were exchanged, compared to its average volume of 6,133,644. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $50.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 21.88 and a beta of 1.83. The stock has a fifty day moving average of $38.29 and a two-hundred day moving average of $37.96.

United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm's quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. Research analysts anticipate that United States Steel Co. will post 2.17 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel's payout ratio is 13.16%.

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.