Rockefeller Capital Management L.P. Reduces Stock Holdings in United States Steel Co. (NYSE:X)

Rockefeller Capital Management L.P. decreased its position in shares of United States Steel Co. (NYSE:X - Free Report) by 97.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,742 shares of the basic materials company's stock after selling 493,952 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in United States Steel were worth $433,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of X. Vanguard Group Inc. lifted its holdings in shares of United States Steel by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock valued at $698,791,000 after purchasing an additional 186,994 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in United States Steel by 1.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after buying an additional 68,230 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in United States Steel by 3.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after purchasing an additional 174,394 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of United States Steel by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after acquiring an additional 22,380 shares during the period. Finally, Norges Bank purchased a new position in shares of United States Steel during the 4th quarter valued at $130,731,000. Institutional investors own 81.92% of the company's stock.

Wall Street Analysts Forecast Growth

X has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price target (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Bank of America began coverage on United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 target price on the stock. Jefferies Financial Group dropped their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Morgan Stanley increased their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $39.94.

United States Steel Stock Performance

Shares of NYSE:X traded up $0.12 on Tuesday, hitting $43.37. 779,085 shares of the company were exchanged, compared to its average volume of 5,458,001. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The stock's 50 day moving average price is $40.51 and its 200 day moving average price is $38.12. The firm has a market capitalization of $9.82 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79.

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

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. United States Steel's dividend payout ratio (DPR) is presently 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.