Treasurer of the State of North Carolina Has $3.33 Million Stock Holdings in United States Steel Co. (NYSE:X)

Treasurer of the State of North Carolina lowered its stake in shares of United States Steel Co. (NYSE:X - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,965 shares of the basic materials company's stock after selling 24,742 shares during the period. Treasurer of the State of North Carolina's holdings in United States Steel were worth $3,330,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in X. Norges Bank purchased a new stake in United States Steel in the fourth quarter valued at approximately $130,731,000. Turiya Advisors Asia Ltd purchased a new position in shares of United States Steel in the 4th quarter worth about $19,384,000. E. Ohman J or Asset Management AB purchased a new position in United States Steel in the fourth quarter valued at approximately $17,907,000. Discovery Capital Management LLC CT lifted its position in United States Steel by 488.0% during the fourth quarter. Discovery Capital Management LLC CT now owns 556,800 shares of the basic materials company's stock valued at $18,926,000 after buying an additional 462,100 shares in the last quarter. Finally, ARS Investment Partners LLC purchased a new position in shares of United States Steel in the 4th quarter valued at $15,510,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on X. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research note on Monday, March 31st. Bank of America started coverage on United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. Morgan Stanley lifted their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Jefferies Financial Group reduced their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, 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 report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $39.94.

United States Steel Stock Performance

X traded down $2.27 during trading hours on Monday, hitting $39.29. The company's stock had a trading volume of 3,296,704 shares, compared to its average volume of 7,377,962. The company has a 50-day simple moving average of $40.15 and a 200 day simple moving average of $37.87. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $8.90 billion, a PE ratio of 26.37, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $46.18.

United States Steel (NYSE:X - Get Free Report) last announced 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%. As a group, sell-side analysts expect that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued 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 0.51%. United States Steel's dividend payout ratio is currently 13.42%.

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.