United States Steel Co. (NYSE:X) Shares Bought by Vestcor Inc

Vestcor Inc raised its position in United States Steel Co. (NYSE:X - Free Report) by 2,004.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,000 shares of the basic materials company's stock after acquiring an additional 47,624 shares during the quarter. Vestcor Inc's holdings in United States Steel were worth $1,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of United States Steel in the 2nd quarter worth $26,000. Palouse Capital Management Inc. purchased a new stake in United States Steel in the third quarter worth about $35,000. Blue Trust Inc. increased its position in United States Steel by 339.0% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company's stock worth $41,000 after buying an additional 773 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of United States Steel in the third quarter worth about $39,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of United States Steel during the 2nd quarter valued at about $46,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Trading Down 2.5 %

Shares of NYSE X traded down $0.88 during trading hours on Thursday, reaching $34.05. The stock had a trading volume of 6,529,708 shares, compared to its average volume of 4,573,887. The business's fifty day moving average price is $38.34 and its two-hundred day moving average price is $37.97. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 22.40 and a beta of 1.83. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $50.20. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm's revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. Analysts expect that United States Steel Co. will post 2.19 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.59%. United States Steel's dividend payout ratio (DPR) is presently 13.16%.

Analysts Set New Price Targets

A number of research firms have commented on X. Jefferies Financial Group decreased their price target on United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Morgan Stanley boosted their price target on United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. BMO Capital Markets cut their price objective on shares of United States Steel from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Friday, November 1st. StockNews.com started coverage on shares of United States Steel in a report on Monday, August 19th. They issued a "hold" rating on the stock. Finally, Glj Research raised shares of United States Steel from a "sell" rating to a "buy" rating and set a $38.57 target price for the company in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

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.