Quest Partners LLC Increases Stake in United States Steel Co. (NYSE:X)

Quest Partners LLC grew its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 103.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,248 shares of the basic materials company's stock after acquiring an additional 13,849 shares during the quarter. Quest Partners LLC's holdings in United States Steel were worth $963,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in United States Steel by 0.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company's stock worth $1,016,000 after purchasing an additional 241 shares during the period. Rakuten Securities Inc. increased its stake in United States Steel by 9.2% in the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company's stock worth $118,000 after purchasing an additional 279 shares during the period. Founders Capital Management increased its stake in United States Steel by 9.4% in the 3rd quarter. Founders Capital Management now owns 3,500 shares of the basic materials company's stock worth $124,000 after purchasing an additional 300 shares during the period. Arkadios Wealth Advisors increased its stake in United States Steel by 1.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock worth $658,000 after purchasing an additional 306 shares during the period. Finally, Diversified Trust Co increased its stake in United States Steel by 4.1% in the 2nd quarter. Diversified Trust Co now owns 8,715 shares of the basic materials company's stock worth $329,000 after purchasing an additional 342 shares during the period. Institutional investors own 81.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised United States Steel from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $40.00 to $42.00 in a research note on Monday, September 9th. StockNews.com started coverage on United States Steel in a research report on Monday, August 19th. They set a "hold" rating on the stock. Morgan Stanley lifted their price target on United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. Glj Research upgraded United States Steel from a "sell" rating to a "buy" rating and set a $38.57 price target on the stock in a research report on Monday, September 9th. Finally, BNP Paribas upgraded United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.

United States Steel Price Performance

United States Steel stock traded up $1.98 during midday trading on Thursday, reaching $40.36. 2,367,713 shares of the stock traded hands, compared to its average volume of 4,455,411. The stock's fifty day moving average is $37.66 and its 200-day moving average is $37.83. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $50.20. The stock has a market cap of $9.09 billion, a P/E ratio of 25.25 and a beta of 1.86. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel's quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. As a group, equities research analysts anticipate that United States Steel Co. will post 2.21 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be given a $0.05 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. United States Steel's payout ratio is 13.16%.

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.