FIL Ltd Grows Stake in United States Steel Co. (NYSE:X)

FIL Ltd grew its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,758,000 shares of the basic materials company's stock after acquiring an additional 283,000 shares during the quarter. FIL Ltd owned about 1.67% of United States Steel worth $127,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock worth $248,000 after buying an additional 321 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of United States Steel by 23.2% in the 3rd quarter. HighTower Advisors LLC now owns 33,268 shares of the basic materials company's stock worth $1,188,000 after acquiring an additional 6,261 shares during the last quarter. M&T Bank Corp grew its holdings in shares of United States Steel by 7.4% during the 3rd quarter. M&T Bank Corp now owns 11,659 shares of the basic materials company's stock valued at $412,000 after purchasing an additional 804 shares during the last quarter. Vestcor Inc raised its position in United States Steel by 2,004.4% in the 3rd quarter. Vestcor Inc now owns 50,000 shares of the basic materials company's stock worth $1,767,000 after purchasing an additional 47,624 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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 worth $135,691,000 after purchasing an additional 37,528 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on X shares. Jefferies Financial Group decreased their price objective on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley raised their price target on 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. Finally, Bank of America initiated coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.65.

United States Steel Stock Up 1.8 %

United States Steel stock traded up $0.73 on Monday, hitting $40.79. 1,324,130 shares of the stock traded hands, compared to its average volume of 5,409,978. The business's fifty day simple moving average is $39.85 and its 200 day simple moving average is $37.65. The firm has a market cap of $9.24 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. 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 announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share 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%. As a group, sell-side analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is 13.42%.

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.