United States Steel Co. (NYSE:X) Shares Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC lifted its position in shares of United States Steel Co. (NYSE:X - Free Report) by 104.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,984 shares of the basic materials company's stock after purchasing an additional 26,000 shares during the quarter. Sanders Morris Harris LLC's holdings in United States Steel were worth $1,653,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in United States Steel in the 4th quarter worth about $30,000. Palouse Capital Management Inc. acquired a new position in shares of United States Steel during the 3rd quarter worth approximately $35,000. Gladius Capital Management LP acquired a new position in shares of United States Steel during the 3rd quarter worth approximately $39,000. GAMMA Investing LLC lifted its position in shares of United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after buying an additional 442 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in United States Steel in the 3rd quarter valued at $59,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Trading Down 1.9 %

Shares of X traded down $0.71 during midday trading on Thursday, reaching $35.80. The company had a trading volume of 4,940,459 shares, compared to its average volume of 12,343,776. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $48.85. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $35.71 and a 200-day simple moving average of $37.20. The stock has a market cap of $8.06 billion, a PE ratio of 23.55 and a beta of 1.88.

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 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $3.77 billion. During the same period last year, the business earned $1.36 earnings per share. United States Steel's revenue was down 13.0% compared to the same quarter last year. Research analysts forecast that United States Steel Co. will post 1.99 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were given a $0.05 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.56%. United States Steel's payout ratio is 13.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets decreased their target price on United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective on the stock. Finally, 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 report on Monday, January 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, United States Steel presently has an average rating of "Moderate Buy" and a consensus price target of $41.32.

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.