Vanguard Group Inc. Has $698.79 Million Stock Position in United States Steel Co. (NYSE:X)

Vanguard Group Inc. lifted its holdings in United States Steel Co. (NYSE:X - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,558,732 shares of the basic materials company's stock after purchasing an additional 186,994 shares during the period. Vanguard Group Inc. owned 9.13% of United States Steel worth $698,791,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in X. Holocene Advisors LP bought a new position in shares of United States Steel during the 3rd quarter worth about $51,620,000. E. Ohman J or Asset Management AB bought a new position in United States Steel during the fourth quarter valued at about $17,907,000. ARS Investment Partners LLC bought a new position in United States Steel during the fourth quarter valued at about $15,510,000. Rockefeller Capital Management L.P. raised its holdings in United States Steel by 646.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company's stock valued at $17,902,000 after acquiring an additional 438,771 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of United States Steel in the 3rd quarter worth approximately $7,590,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BMO Capital Markets restated a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research report on Monday. Jefferies Financial Group dropped their price objective on shares of 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. lifted their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. Finally, Morgan Stanley raised 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, United States Steel has a consensus rating of "Moderate Buy" and an average price target of $41.32.

Remove Ads

United States Steel Price Performance

United States Steel stock traded down $0.66 during trading hours on Friday, hitting $38.30. 9,264,572 shares of the stock were exchanged, compared to its average volume of 5,177,531. The stock has a market capitalization of $8.67 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.53 and a beta of 1.86. The business's 50-day moving average is $38.93 and its two-hundred day moving average is $37.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $44.87.

United States Steel (NYSE:X - Get Free Report) last released its quarterly 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 return on equity of 4.27% and a net margin of 2.46%. Equities research analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel's dividend payout ratio 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.