United States Steel Co. (NYSE:X) Position Decreased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 58.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,071 shares of the basic materials company's stock after selling 10,133 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in United States Steel were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Castle Hook Partners LP acquired a new position in United States Steel in the 3rd quarter worth $91,712,000. Holocene Advisors LP acquired a new position in shares of United States Steel in the third quarter worth about $51,620,000. Massachusetts Financial Services Co. MA boosted its holdings in United States Steel by 26.5% in the third 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 purchasing an additional 964,467 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new stake in United States Steel during the 4th quarter worth approximately $17,907,000. Finally, ARS Investment Partners LLC acquired a new position in shares of United States Steel in the 4th quarter valued at approximately $15,510,000. Hedge funds and other institutional investors own 81.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on X shares. BMO Capital Markets dropped their price target on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Jefferies Financial Group dropped their target price 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. JPMorgan Chase & Co. increased their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday. Bank of America assumed coverage on United States Steel in a research note on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target for the company. Finally, Morgan Stanley upped their price objective on United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.70.

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United States Steel Stock Performance

Shares of United States Steel stock traded up $1.10 during trading on Wednesday, hitting $38.16. 5,093,453 shares of the stock were exchanged, compared to its average volume of 7,029,832. The stock has a market cap of $8.59 billion, a PE ratio of 25.58, a P/E/G ratio of 1.53 and a beta of 1.86. The stock's fifty day moving average is $36.74 and its 200 day moving average is $36.63. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $46.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, sell-side analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel's payout ratio is 13.42%.

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.