Corebridge Financial Inc. Has $8.66 Million Stock Holdings in United States Steel Co. (NYSE:X)

Corebridge Financial Inc. lessened its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 254,772 shares of the basic materials company's stock after selling 9,791 shares during the period. Corebridge Financial Inc. owned 0.11% of United States Steel worth $8,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameliora Wealth Management Ltd. acquired a new position in United States Steel during the 4th quarter worth $27,000. ORG Wealth Partners LLC bought a new stake in shares of United States Steel during the fourth quarter worth $30,000. Parkworth Wealth Management Inc. acquired a new position in shares of United States Steel during the fourth quarter valued at $31,000. Lee Danner & Bass Inc. acquired a new position in shares of United States Steel during the fourth quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. bought a new position in United States Steel in the fourth quarter valued at about $34,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Stock Down 0.2 %

Shares of X traded down $0.09 on Tuesday, hitting $42.17. The company's stock had a trading volume of 9,830,200 shares, compared to its average volume of 5,121,000. The firm's fifty day moving average price is $38.75 and its 200-day moving average price is $37.31. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $44.87. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.53 and a beta of 1.86.

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United States Steel (NYSE:X - Get Free Report) last announced its earnings results 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%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel's dividend payout ratio (DPR) is presently 13.42%.

Analysts Set New Price Targets

X has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective 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. Jefferies Financial Group lowered 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. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. Finally, BMO Capital Markets restated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research report on Monday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, United States Steel presently has a consensus rating of "Moderate Buy" and an average 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.