SBI Securities Co. Ltd. Makes New Investment in United States Steel Co. (NYSE:X)

SBI Securities Co. Ltd. acquired a new position in shares of United States Steel Co. (NYSE:X - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,871 shares of the basic materials company's stock, valued at approximately $471,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of United States Steel during the fourth quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel in the fourth quarter worth approximately $30,000. Newbridge Financial Services Group Inc. purchased a new stake in United States Steel in the fourth quarter worth approximately $34,000. Gladius Capital Management LP purchased a new stake in United States Steel in the third quarter worth approximately $39,000. Finally, Byrne Asset Management LLC boosted its stake in United States Steel by 4,680.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company's stock worth $41,000 after buying an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

United States Steel Trading Down 0.8 %

Shares of United States Steel stock traded down $0.31 during midday trading on Wednesday, reaching $37.39. 3,741,572 shares of the company's stock traded hands, compared to its average volume of 7,170,374. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The company has a market cap of $8.42 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The stock has a 50 day moving average of $36.26 and a 200-day moving average of $36.69. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $48.07.

United States Steel (NYSE:X - Get Free Report) last announced 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 net margin of 2.46% and a return on equity of 4.27%. As a group, equities analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. United States Steel's dividend payout ratio is presently 13.42%.

Wall Street Analysts Forecast Growth

X has been the subject of several research reports. BMO Capital Markets cut their target price on United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Jefferies Financial Group cut their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $39.00 target price on shares of United States Steel in a research note on Monday, February 3rd. Finally, Bank of America assumed coverage on United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.82.

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.