Tokio Marine Asset Management Co. Ltd. Cuts Holdings in United States Steel Co. (NYSE:X)

Tokio Marine Asset Management Co. Ltd. cut its position in United States Steel Co. (NYSE:X - Free Report) by 57.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,700 shares of the basic materials company's stock after selling 98,200 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in United States Steel were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its position in United States Steel by 0.9% during 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 acquiring an additional 241 shares during the last quarter. Rakuten Securities Inc. increased its position in United States Steel by 9.2% during the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company's stock worth $118,000 after buying an additional 279 shares during the period. Founders Capital Management grew its stake in shares of United States Steel by 9.4% in the third quarter. Founders Capital Management now owns 3,500 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 300 shares in the last quarter. Arkadios Wealth Advisors increased its position in United States Steel by 1.7% during the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock worth $658,000 after acquiring an additional 306 shares during the period. Finally, Diversified Trust Co increased its holdings in shares of United States Steel by 4.1% during the second 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. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets dropped their price target on United States Steel from $45.00 to $43.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of United States Steel from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. Glj Research upgraded shares of 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. BNP Paribas upgraded shares of 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. Finally, Jefferies Financial Group reduced their price target on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.80.

United States Steel Trading Down 1.8 %

Shares of NYSE:X traded down $0.66 during mid-day trading on Friday, reaching $35.72. 9,936,446 shares of the company's stock were exchanged, compared to its average volume of 4,436,920. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 23.21 and a beta of 1.86. The business's fifty day moving average price is $37.22 and its 200-day moving average price is $37.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $50.20.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous 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. On average, research analysts predict that United States Steel Co. will post 2.21 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, November 8th. United States Steel's dividend payout ratio (DPR) is currently 13.16%.

About United States Steel

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.