Quarry LP Sells 99,090 Shares of United States Steel Co. (NYSE:X)

Quarry LP reduced its position in shares of United States Steel Co. (NYSE:X - Free Report) by 99.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 910 shares of the basic materials company's stock after selling 99,090 shares during the period. Quarry LP's holdings in United States Steel were worth $32,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of United States Steel in the second quarter worth about $26,000. Palouse Capital Management Inc. bought a new position in shares of United States Steel in the third quarter worth about $35,000. Gladius Capital Management LP bought a new position in shares of United States Steel in the third quarter worth about $39,000. Blue Trust Inc. raised its stake in shares of 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 worth $41,000 after acquiring an additional 773 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of United States Steel in the second quarter worth about $46,000. 81.92% of the stock is owned by institutional investors.

United States Steel Trading Down 2.5 %

NYSE:X traded down $0.88 during trading hours on Thursday, hitting $34.05. The stock had a trading volume of 6,529,708 shares, compared to its average volume of 4,573,887. United States Steel Co. has a one year low of $26.92 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 22.40 and a beta of 1.83. The business's 50 day moving average is $38.34 and its 200-day moving average is $37.97.

United States Steel (NYSE:X - Get Free Report) last issued 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. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The business's quarterly revenue was down 13.0% on a year-over-year basis. Sell-side analysts anticipate that United States Steel Co. will post 2.19 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Friday, November 8th. United States Steel's dividend payout ratio is 13.16%.

Analysts Set New Price Targets

X has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of United States Steel in a research note on Monday, August 19th. They issued a "hold" rating for the company. Jefferies Financial Group lowered their price target on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. BMO Capital Markets lowered their price target on shares of United States Steel from $45.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. BNP Paribas upgraded shares of United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Friday, September 6th. Finally, Morgan Stanley lifted their price target on shares of United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.80.

United States Steel 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.