Russell Investments Group Ltd. lifted its stake in United States Steel Co. (NYSE:X - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,158 shares of the basic materials company's stock after acquiring an additional 8,408 shares during the period. Russell Investments Group Ltd. owned 0.10% of United States Steel worth $7,684,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in X. Empirical Asset Management LLC purchased a new position in shares of United States Steel in the fourth quarter worth $525,000. ARS Investment Partners LLC purchased a new stake in United States Steel during the 4th quarter valued at about $15,510,000. Geode Capital Management LLC increased its holdings 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 purchasing an additional 37,528 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of United States Steel in the fourth quarter worth about $554,000. Finally, Captrust Financial Advisors lifted its holdings in shares of United States Steel by 4.8% during the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock worth $248,000 after purchasing an additional 321 shares during the period. Institutional investors own 81.92% of the company's stock.
Analyst Ratings Changes
X has been the subject of several recent research reports. Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. Morgan Stanley boosted their price objective on United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a report on Friday, March 7th. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Jefferies Financial Group decreased their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 target price (down from $43.00) on shares of United States Steel in a report on Wednesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, United States Steel currently has a consensus rating of "Hold" and a consensus target price of $39.94.
Get Our Latest Research Report on X
United States Steel Price Performance
Shares of NYSE:X traded down $0.28 during midday trading on Friday, reaching $41.54. 3,872,737 shares of the company's stock traded hands, compared to its average volume of 5,433,834. The company has a market cap of $9.40 billion, a P/E ratio of 27.88, a PEG ratio of 1.53 and a beta of 1.79. The company has a fifty day simple moving average of $40.10 and a two-hundred day simple moving average of $37.78. 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 Co. has a 1 year low of $26.92 and a 1 year high of $46.18.
United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Equities analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.
United States Steel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. United States Steel's dividend payout ratio (DPR) is presently 13.42%.
About United States Steel
(
Free Report)
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.
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