Versor Investments LP Trims Holdings in United States Steel Co. (NYSE:X)

Versor Investments LP lowered its stake in United States Steel Co. (NYSE:X - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 89,040 shares of the basic materials company's stock after selling 75,806 shares during the period. United States Steel makes up 0.5% of Versor Investments LP's portfolio, making the stock its 19th largest holding. Versor Investments LP's holdings in United States Steel were worth $3,026,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel in the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in shares of United States Steel during the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of United States Steel during the 4th quarter worth $34,000. Gladius Capital Management LP acquired a new stake in shares of United States Steel during the 3rd quarter worth $39,000. Finally, Byrne Asset Management LLC increased its position in shares of United States Steel by 4,680.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company's stock worth $41,000 after purchasing an additional 1,170 shares during the period. 81.92% of the stock is owned by institutional investors.

United States Steel Trading Down 3.3 %

Shares of NYSE X traded down $1.31 during midday trading on Monday, reaching $38.91. The company had a trading volume of 3,453,051 shares, compared to its average volume of 7,340,093. The stock has a market cap of $8.76 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. United States Steel Co. has a one year low of $26.92 and a one year high of $48.13. The firm's fifty day moving average price is $35.99 and its 200-day moving average price is $36.74. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel's dividend payout ratio (DPR) is currently 13.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on X shares. BMO Capital Markets cut their price target on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their price objective on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Morgan Stanley reiterated an "equal weight" rating and issued a $39.00 price target on shares of United States Steel in a research report on Monday, February 3rd. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Finally, Jefferies Financial Group lowered their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.82.

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.